Examlex
Will the family survive? Give your opinion and provide a rationale to support your position.
Option Contract
An agreement providing the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific timeframe.
Consideration
An item of worth traded between individuals in a contract to render the agreement enforceable by law.
Final Decision
A conclusive determination or resolution in a process or dispute, often implying that no further discussion or appeal is anticipated.
Preexisting-Duty Rule
A rule in contract law stating that an agreement to do what one is already legally obligated to do does not constitute valid consideration for a new contract.
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