Examlex
Why did Great Britain become more powerful in North America than either France or Spain in the first half of the 18th century?
Option Contract
An agreement providing the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific timeframe.
Consideration
An item of worth traded between individuals in a contract to render the agreement enforceable by law.
Final Decision
A conclusive determination or resolution in a process or dispute, often implying that no further discussion or appeal is anticipated.
Preexisting-Duty Rule
A rule in contract law stating that an agreement to do what one is already legally obligated to do does not constitute valid consideration for a new contract.
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