Examlex
If Zane is shy when he is two years old, he is likely to be ____ when he is four years old.
Oral Promise
An oral promise is a commitment or assurance given verbally rather than in written form, which may or may not be legally enforceable depending on the context.
Negotiable
A characteristic of a financial instrument (like a check or bill of lading) that allows it to be transferred from one party to another as a form of payment or investment.
Contract Formation
The process by which parties agree to terms that are legally binding and enforceable.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, to the bearer or to an identified party.
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