Examlex

Solved

Instructions: Identify the Following Term(s)

question 75

Short Answer

Instructions: Identify the following term(s).
smallpox


Definitions:

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.

Related Questions