Examlex
What is the difference between formative and summative assessments?
Promise to Build a House
An agreement, typically formal and legally binding, where one party commits to constructing a residential dwelling for another.
Constructive Condition
An implied condition in contracts that must be met for the parties' performance obligations to arise, even if not explicitly stated.
Implied-In-Law Condition
A condition in a contract created by the court to ensure fairness, which is not explicitly stated in the contract itself.
Strict Performance
The legal requirement that contractual obligations must be fulfilled exactly as agreed, with no deviations or errors.
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