Examlex
Choose the sentence that demonstrates correct punctuation.
Bargained-for Exchange
Bargained-for exchange is a legal concept where parties agree to provide something of value to each other, forming the basis of a contract.
Illusory Promise
A statement that appears to be a binding commitment but allows for so much discretion that it does not legally bind the party making it.
Promisor
The party in a contract who makes a promise to perform or provide a benefit to the promisee.
Statute of Limitations
A law that sets the maximum time after an event within which legal proceedings may be initiated.
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