Examlex
Which of the following indices best reflects the ten sectors of the economy?
Valid Contract
An agreement between two or more parties that is enforceable by law, having all essential elements like offer, acceptance, and consideration.
Injustice
A situation or action that is perceived as unfair, unequal, or undeserving.
Preexisting Duty Rule
In contract law, a principle that states if someone is already legally required to perform a certain duty, promising to perform that duty is not sufficient consideration for a new contract.
Consideration
The value (such as money, services, or goods) promised in a contract that motivates parties to enter into the agreement.
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