Examlex
When shopping for a sound card,what characteristics should be compared?
Unilateral Contract
A promise exchanged for an act.
Nominal Consideration
A token amount in a contract to indicate that a deal has been agreed upon, even if the sum is not reflective of the contract's true value.
Love And Affection
Love and Affection, in legal terms, sometimes appears as a form of consideration in personal contracts, though it is not typically recognized as a valid form of consideration in commercial contracts.
Past Consideration
A benefit or value provided or promised in the past, which cannot be considered valid consideration for a current contract under common law.
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