Examlex
List the characteristics of dynamic processes.
Preexisting Duty
An obligation that a party is already legally required to perform, which cannot serve as consideration for a new contract.
Executory Contract
A contract that has not yet been fully performed or completed by one or more parties.
Executory
Pertaining to a contract or agreement in which not all obligations or terms have yet been fulfilled by the involved parties.
Partially Performed
Refers to a contract or agreement that has been started but not completed, fulfilling some but not all obligations.
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