Examlex
The effectiveness of evidence depends primarily on
Consideration
Something of value that is given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Chattel Paper
A document or electronic record that evidences both a monetary obligation and a security interest in specific goods or a lease of specific goods.
Monetary Obligation
A monetary obligation is a legal requirement to pay a certain amount of money, often arising from contracts, loans, or fines.
Specific Goods
Items distinctly identified at the time a contract of sale is made, distinguishing them from other goods.
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