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Synallagmaticb - Study guides, Class notes & Summaries

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Louisiana 45-Hour Salesperson Post-License Course Correct 100%

  • Louisiana 45-Hour Salesperson Post-License Course Correct 100%

  • Exam (elaborations) • 32 pages • 2024
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    • Obligation - ANSWER A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - ANSWER An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - ANSWER A contract that obligates both parties Unilateral contract: A contract that only obligates one party Onerous contract: - ANSWER A contract in which each party obtains an advantage in exchange f...
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