Examlex
What is the major distinction between a structured observation and a naturalistic observation?
Gross Inadequacy
A significant disparity or insufficiency, often relating to an offer’s value in a contractual agreement, which may lead to questioning the fairness of the contract.
Consideration
Something of value exchanged between parties in a contract, which is necessary for the contract to be legally binding.
Sufficient Consideration
The value that is deemed adequate by the parties involved and law as part of an agreement or contract, ensuring it is binding and enforceable.
CISG
The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform international sales law.
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