A Value of ________ Is Used When a Value Is

question 8

Short Answer

A value of ________ is used when a value is missing, unknown, or inapplicable.

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Definitions:

Bilateral Contract

A contractual agreement involving two parties where each promises to perform an act in exchange for the other's act.

Obligor

A person or entity legally obligated to provide a payment or service to another under the terms of a contract.

Assignment

The transfer of rights, duties, or interests under a contract or agreement from one party to another.

Assignor

An individual or entity that transfers rights or interests in a property, contract, or other asset to another.