Examlex
Someone commits the fallacy of wishful thinking when he or she:
Unilateral Contract
A contract in which one party makes a promise in exchange for the other party's act, rather than a promise in return.
Gratuitous Promise
A promise made without requiring some benefit or thing of value in return; not enforceable as a contract because it lacks consideration.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify the law across jurisdictions.
Renunciation
The formal rejection of a claim, right, or possession, usually involving a legal or official declaration.
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