Examlex
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Consideration
Something of value that is exchanged between parties within a contract, giving it legal validity.
Offer And Acceptance
Fundamental concepts in contract law which determine when an agreement exists between two parties. An offer is a proposal while acceptance is the agreement to that proposal.
Negotiability
The quality of a financial instrument that allows it to be transferred or assigned from one party to another with ease.
Unconditional Promise
A commitment to act or refrain from acting in a certain manner that does not rely on any conditions or occurrences for its fulfillment.
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