Examlex
The Equal Rights Amendment failed because it did not secure support from the required number of states necessary for ratification.
Beneficiary
An individual or entity entitled to receive benefits or assets under a legal instrument, such as a will or insurance policy.
Bilateral Contract
A contract in which both parties make promises.
Consideration
In contract law, the mutual promise to exchange benefits and detriments between parties.
Premiums
The amount paid for insurance coverage or the payment above the nominal value of a security when issued.
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