Examlex
Which of the following statements is(are) not true?
Consideration
Something of value exchanged between parties in a contract, making the agreement legal and binding.
Bargained-For Exchange
An element of contracts where both parties agree to provide something of value to the other.
Negotiation of Contracts
The process of discussing terms and details between parties in order to reach a mutual agreement before finalizing a contract.
Uniform Commercial Code
An extensive collection of regulations that oversee every commercial activity in the United States, designed to synchronize the legislation of sales and various commercial dealings throughout the states.
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