Examlex
The "nullification crisis" of 1832-1833 erupted over
Consideration
In contract law, a benefit or something of value that is exchanged between parties to a contract, making the agreement legally binding.
Contracting Party
An entity or individual that enters into a legal contract or agreement.
Unilateral Contract
A contract in which only one party makes a promise or undertakes a performance without requiring a reciprocal agreement from the other party, often associated with reward scenarios.
Oral Contract
An oral contract is an agreement between parties that is made verbally without written documentation but is still legally binding.
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