A Special Assessment District (S.A.D.) is a geographic area in which the market value of real estate is enhanced due to the influence of a public improvement and in which a tax is apportioned to recover the costs of the public improvement.
Void, voidable, and unenforceable contracts: (1) A void contract is one without any legal effect from the beginning. (2) A voidable contract is one that a party may elect to avoid or ratify. (3) An unenforceable contract is one otherwise valid but for which some defense exists extraneous to formation.
Definition: an agreement in which only one party promises to perform without receiving a reciprocal promise to perform from the other party. Pronunciation: \ËyÃ¼-ni-Ëla-tÉ-rÉl\ \ËkÃ¤n-Ëtrakt\ Used in a Sentence: A unilateral contract obligates only one party to an agreement.