Examlex
Merging relations is also referred to as:
Consideration
The benefit, interest, right, or profit involved in an agreement or contract, on which it is based.
Statute of Frauds
A legal concept requiring certain types of agreements to be executed in writing and signed by the parties involved to be enforceable.
Collateral Promises
Agreements that are secondary to a primary transaction or promise, often requiring the backup of an asset as security.
One-Year Rule
A legal provision in contract law stating that contracts which cannot be performed within one year must be in writing to be enforceable.
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