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COGNITIVE ASSESSMENT At what company is Steve Ballmer the CEO?
Legally Sufficient
A term that implies a claim, defense, or other legal assertion meets the minimum legal requirements to proceed in a court of law.
Fair Market Value
The price that property would sell for on the open market between a willing buyer and a willing seller.
Preexisting Duty
An obligation that a party is already legally required to perform, which cannot serve as consideration for a new contract.
Executory Contract
A contract that has not yet been fully performed or completed by one or more parties.
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