Examlex
Which of the following is NOT a typical design of a synthetic lease?
Nonperformance
The failure to act or perform a task or duty that is required by contract, obligation, or law.
Contractual Promise
A binding pledge or agreement between parties that is enforceable by law.
Unauthorized Alteration
A change made to a document, instrument, or agreement without the consent or knowledge of all parties involved, which can affect its validity or legality.
Material Terms
Significant conditions and details in a contract that are essential to the agreement and affect the parties' obligations and expectations.
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