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.
A contract deliverable is a negotiated set of conditions in a contract. The deliverable is based on a contract agreement verification step defined in the PeopleSoft Supplier Contract Management system within the Contract Entry component that specifically spells out the conditions and terms that apply to a contract.