Examlex
Explain modalsplit.
Moral Obligation
A duty or commitment that is not legally enforceable but is dictated by personal ethics or social norms.
Adequate Consideration
Sufficient value that is fairly exchanged between parties in a contract.
Legal Duty
An obligation imposed by law on individuals or entities, requiring them to conform to a standard of conduct for the protection of others against unreasonable risks.
Statute of Limitations
Legislation stipulating the longest period following an occurrence in which legal action can be started.
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