Examlex
Application of Skills Directions:
Apply the knowledge you have gained from Chapter 25 to answer the following questions.
Which of the following sentences uses the dash correctly?
Unliquidated Debt
A debt for which the amount has not been predetermined or agreed upon, often because the extent of damages or compensation cannot be readily quantified.
Accord And Satisfaction
A legal contract where a dispute is settled by the parties involved agreeing to give and accept something of value in resolution, significantly altering the original contract's terms.
Unilateral Contract
A contract in which one party promises to perform a specific action in return for a performance, not a promise, by the other party.
Consideration
Consideration in contract law refers to something of value exchanged between parties as part of an agreement.
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