Examlex
Dr. Machado works for a federal organization that conducts large scale program evaluations. In attempting to simplify what he does for a living during a conversation with a community member, Dr. Machado described the process of program evaluation and noted that these evaluations are useful because they:
Consideration
The value (such as money, a promise, or a service) that is given by both parties in a contract making the agreement legally binding.
Personal Property
Movable assets owned by an individual or entity, as opposed to real estate or land.
Article 2A
A section within the Uniform Commercial Code that covers the law of leases of personal property.
Good Faith
A sincere intention to deal fairly with others, without taking advantage of them.
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