Examlex
The University of Michigan researchers have found that __________.
Consideration
Something of value exchanged between parties in a contract, which is necessary for the contract to be legally binding.
Sufficient Consideration
The value that is deemed adequate by the parties involved and law as part of an agreement or contract, ensuring it is binding and enforceable.
CISG
The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform international sales law.
Consideration
Something of value exchanged between parties in a contract that is necessary for the agreement to be legally binding, such as money, services, or promises.
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