Examlex
Which of the following is an element of planning?
Bilateral Contract
A type of agreement in which both parties involved promise to perform certain actions or obligations.
Consideration
A legal concept referring to something of value exchanged between parties in a contract, making the agreement binding and enforceable.
Unforeseen Circumstances
Events that could not have been predicted or expected and may impact contractual agreements or obligations.
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.
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