Examlex
Instructions: Identify the following term(s).
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Promisor
The person or party in a contract who has made a promise to perform or deliver something to the other party.
Consideration
The value (such as money, a service, or a promise) that is exchanged between parties in a contract.
Unilateral Contract
A promise exchanged for an act.
Nominal Consideration
A token amount in a contract to indicate that a deal has been agreed upon, even if the sum is not reflective of the contract's true value.
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