Examlex
AC power from an outlet can be described as .
Unilateral Contract
An agreement where only one party makes a promise to perform in exchange for an act by the other party, who is not legally obligated to act.
Completely Performed
Refers to a contractual obligation that has been fully executed or carried out by all parties involved to the terms agreed upon.
Oral Contract
An agreement made through spoken words rather than written documentation, which can be legally binding in some cases.
Statute of Frauds
The Statute of Frauds is a legal doctrine that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.
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