Examlex
Which of the following is the second stage in budgetary control?
Preexisting Duty Rule
A legal principle that asserts no additional consideration is necessary to modify a contract when a party is already legally obligated to perform a duty.
Bilateral Contract
A type of agreement where both parties make a promise to each other to perform certain acts or refrain from performing certain acts.
Liquidated Debt
A debt with a fixed and determinable amount that is agreed upon by both parties.
Accord And Satisfaction
A legal concept where parties to a dispute resolve their differences through a mutually agreed upon solution, often involving payment in exchange for dropping a claim.
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