Examlex
How do interest groups attempt to influence elections?
Preexisting Duty
An obligation that a party is already legally bound to fulfill, which cannot serve as consideration for a new contract.
Bilateral Contract
An agreement between two parties where each promises to perform an act in exchange for the other's performance.
Unilateral Contract
A contract where one party makes a promise in exchange for an act by another party, becoming binding upon the performance of the act.
Past Consideration
In contract law, a benefit or service previously performed and therefore cannot serve as consideration for a current contract.
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