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There Are 4 Key Questions You Should Ask When Reading

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Short Answer

There are 4 key questions you should ask when reading disciplinary work. Name 3 of them:


Definitions:

Fair Market Value

The price that property would sell for on the open market between a willing buyer and a willing seller.

Preexisting Duty

An obligation that a party is already legally required to perform, which cannot serve as consideration for a new contract.

Executory Contract

A contract that has not yet been fully performed or completed by one or more parties.

Executory

Pertaining to a contract or agreement in which not all obligations or terms have yet been fulfilled by the involved parties.

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