Examlex
Highly cohesive teams invariably perform organizational objectives better than teams with moderate or low cohesiveness.
Past Consideration
In contract law, a benefit or service previously performed and therefore cannot serve as consideration for a current contract.
Fair Market Value
The price that property would sell for on the open market between a willing buyer and a willing seller, each having reasonable knowledge of all relevant facts.
Valid Consideration
Anything of value promised to another when making a contract that is legal and results in the formation of a binding agreement.
Uniform Commercial Code
An extensive collection of statutes that regulate every aspect of business dealings within the United States, aimed at standardizing the legal framework for sales and various commercial activities throughout the states.
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