Examlex
Which of the following statements is equivalent to ?
Bilateral Contract
A type of agreement where both parties make a promise to each other to perform certain acts or refrain from performing certain acts.
Liquidated Debt
A debt with a fixed and determinable amount that is agreed upon by both parties.
Accord And Satisfaction
A legal concept where parties to a dispute resolve their differences through a mutually agreed upon solution, often involving payment in exchange for dropping a claim.
Unliquidated Debt
A debt for which the exact value has not been determined, often due to disputes over amount or the presence of damages.
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