Term
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Definition
| A legally enforceable promise or set of promises |
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Term
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Definition
| A binding agreement in which each party has made a promise to the other party. A promise for a promise. |
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Term
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Definition
| A binding agreement in which one party has made an offer that the other party can accept only by his actions, not by his words. A promise for a performance. |
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Term
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Definition
| In contract law, something of legal value that has been bargained for and given in exchange by the parties. Very often it is money. |
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