Examlex
A competency test is given to
Validity of Contract
The legal enforceability of a contract, determined by its adherence to legal requirements such as agreement by competent parties, lawful subject matter, and consideration.
Rejected Offer
A proposal that has not been accepted by the party to whom it was extended.
Legal Obligation
A duty enforced by law, requiring an individual or entity to conform to certain actions or to refrain from certain acts.
Unilateral Mistake
A situation in contract law where only one party is mistaken about a material fact regarding the contract terms or subject matter.
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