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I’m new. What’s the UR and UR2?
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Simple English definitions for legal terms
unconditional promise
Read a random definition: covinous
A quick definition of unconditional promise:
An unconditional promise is when someone says they will definitely do something, without any conditions or exceptions. It's like making a really strong commitment to do something, and you can trust that they will follow through. This is important in contracts, where a promise is a binding agreement that the law will enforce.A more thorough explanation:
An unconditional promise is a commitment made by one person to another without any conditions or limitations. It is a binding agreement that the law will enforce.
For example, if John promises to pay Jane $1000 by the end of the month, this is an unconditional promise. John is obligated to pay Jane the full amount by the specified date, and Jane can take legal action if he fails to do so.
On the other hand, a conditional promise is a commitment that is dependent on certain conditions being met. For instance, if John promises to pay Jane $1000 only if she completes a task for him, this is a conditional promise. John is not obligated to pay Jane unless she fulfills the condition.
It is important to note that a promise must be supported by consideration to be legally enforceable. Consideration is something of value that is exchanged between the parties, such as money, goods, or services.