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.
4.-1. A parol contract is defined to be a bargain or voluntary agreement made, either orally or in writing not under, seal, upon a good consideration, between two or more persons capable of contracting, to, do a lawful act, or to omit to do something, the performance whereof is not enjoined by law.1 Com.Contr. 2 Chit. unilateral contract is one in which there is a promise to pay or give other consideration in return for actual performance. (I will pay you $500 to fix my car by Thursday; the performance is fixing the car by that date). A bilateral contract is one in which a promise is exchanged for a promise.