Examlex
The Russians called the Mongols "Tartars," or
Illusory Contract
An agreement that fails to bind one party due to vague or unenforceable terms, making it appear to be a contract only in illusion.
Probated
Referring to the legal process in which a will is reviewed to determine whether it is valid and authentic.
Option Contract
A contract that gives the holder the right, but not the obligation, to buy or sell an asset at a specified price within a specified period.
Legal Detriment
A loss or disadvantage that one party agrees to suffer upon entering into a contract, which serves as consideration for the contract.
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