Examlex
Of these categories, which one would a young child be MOST likely to learn first?
Tender
The formal process of submitting a proposal or bid to undertake a contract or supply goods or services.
Consideration
Something of value that is exchanged between parties as part of a contract, making the agreement legally binding.
Consideration
Something of value exchanged between parties in a contract, making the agreement legally binding.
Quantum Meruit
A legal principle that means "as much as he deserves," used to determine fair compensation for services rendered without a specific contract.
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