Examlex
Which of the following statements is true about perception of reality?
Legal Value
Consideration or benefit recognized by law as sufficient to form a valid contract or enforceable obligation.
Gross Inadequacy
An extreme lack of sufficiency or competence in performance or provision, often referenced in legal contexts concerning contractual or fiduciary obligations.
Bilateral Contract
A type of contract that involves two parties where each party makes a promise to the other.
Consideration
Something of value (such as an object, money, service, or promise) that is given by a party to induce another to enter into a contract.
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