Examlex
Consider the figure below. To produce a cephalin, which of the species listed below might be used to replace the fatty acid shown in the box?
Bilateral Contract
A promise exchanged for a promise.
Consideration
In contract law, the value (which could be an action, object, or service) that is exchanged between parties entering into a contract.
Consideration
a legal principle involving something of value exchanged between parties within a contract, making the agreement enforceable.
Accord And Satisfaction
An arrangement between contracting parties whereby one of the parties substitutes a different performance for his or her original duty under the contract. The promise to perform the new duty is the accord, and the actual performance of that new duty is the satisfaction.
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