Examlex
Which of the following statements is true about decision trees?
Modified Agreement
A change or revision to the terms of an existing contract, which must be agreed upon by all parties involved.
Substitute Contract
A legal agreement that replaces a previous contract, often due to modified terms or conditions.
Pre-existing Duty
A legal concept where a party's promise to perform a duty that is already owed under the law or under a pre-existing contract is not considered sufficient consideration for a new contract.
Statute of Limitations
Laws setting the maximum period one can wait before filing a lawsuit, depending on the type of claim or crime.
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