Examlex
Basic assumptions on how the world operates are called ________.
Lack of Consideration
A situation in contract law where an agreement lacks the exchange of something of value, rendering the contract potentially unenforceable.
Conditional Promises
Commitments that are contingent upon the occurrence of a specified event or situation.
Mutual Consideration
The exchange of value or promises that each party agrees to in a contractual agreement.
The Code
A term often used to refer to a specific body of systematic and comprehensive laws or regulations governing a particular area, such as the Uniform Commercial Code.
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