Examlex
____ locations are those that are hazardous because of easily ignitable fibers or flyings, but in which such fibers or flyings are NOT likely to be in suspension in the air in quantities sufficient to produce ignitable mixtures.
Unliquidated Debt
Debt for which the exact amount owed has not been determined.
Accord And Satisfaction
A legal contract whereby two parties agree to discharge a tort claim, contract, or disputed claim by an agreement (the accord) and payment (the satisfaction) that differs from the original agreement.
Liquidated Debt
A fixed and settled debt amount that is acknowledged by both the debtor and the creditor.
Preexisting Duty
A legal principle that states a promise to do something that one is already legally obligated to do is not sufficient consideration for a new contract.
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