Examlex
A trade between two people is an example of an externality.
Adequacy
The quality or state of being sufficient for a particular purpose or in fulfilling requirements.
Legal Adequacy
The sufficiency of consideration in a contract that makes it legally binding and enforceable.
Bargained-for Exchange
A fundamental principle in contract law where both parties voluntarily agree to provide something of value to the other, forming a valid contract.
Actual Benefit
A term referring to the real, tangible advantages or gains received from a particular action, agreement, or situation.
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