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36 BILATERAL When a contract is bilateral, all

the parties have an obligation.


Both parties exchange promises to
perform. Each party is an obligor
on that party's own promise and an
obligee on the other's promise.
37 PREPARATORY The creation of the partnership is
a preparation for the succeeding
business transactions.
38 ONEROUS When a contract is onerous, it
means it is a contract in which
the aggregate cost required to
fulfill the agreement is higher
than the economic benefit to be
obtained from it. Such a contract
can represent a major financial
burden for an organization.
39 FIDUCIARY A partnership is fiduciary because
it involves trust, especially with
regard to the relationship between
a trustee and a beneficiary.
40 ADHERE To adhere means to obey or closely
follow a rule, a standard, an
agreement, etc.
41 INTEGRAL When a thing is integral, it means
it is necessary to make a whole
complete. It is an essential or it
is fundamental.
42 DETERIORATION It is the process of becoming
progressively worse.
43 ORNAMENTATION They are things added to something
to provide decoration.
44 TENEMENT It is a type of building shared by
multiple dwellings.
45 FUNGIBLES When a thing is fungible, it can
be replaced with another thing of
a similar value.

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