Examlex
The conditional expression is sometimes called the loop condition.
Binding
Describes an agreement or legal decision that is enforceable by law, meaning parties are legally obligated to comply with the terms.
Consideration
The benefit which must be bargained for between the parties and is the essential reason for a party entering into a contract.
Exchange Of Money
The act of giving one form of currency in return for another, which can occur in financial transactions, currency exchange, or the purchase of goods and services.
Acceptance
The act of agreeing to a proposal or offer, thereby creating a binding contract upon meeting the terms of the offer.
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