Identify the Following Terms

question 4

Short Answer

Identify the following terms.
-Indochinese Union

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Definitions:

One-Sided Agreement

A contract where the terms and conditions are favorable to one party, often at the expense of the other party.

Unilateral Contract

A contract where one party makes a promise in exchange for an action performed by the other party, which then binds the first party.

Adequacy Of Consideration

The fairness or sufficiency of what one party receives in return for what they provide in a contract.

Fair Bargain

An agreement between parties that is equitable and just, where each party receives a benefit in exchange for what is given.