Examlex
A person has just been evaluated by a prospective employer and may now either be accepted or rejected for a position at the company.This person has just gone through a __________ process.
Unilateral Contract
A contract in which only one party makes a promise or undertakes a performance, while the other side only has to perform if they choose to.
Forbearance
An agreement between a debtor and lender to temporarily postpone repayment of a loan, often to avoid default.
Illusory Promise
signifies a statement that appears to be a promise but does not actually bind the party making it to a particular action or outcome, thus lacking the substance necessary for a valid contract.
Real Obligation
A legal obligation that is tied to a specific property, requiring the fulfillment of some duty relative to that property.
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