| A | B |
|---|
| A person who receives a gift | donee |
| A promise not to do something | forbearance |
| A person who promises an action or forbearance | promisor |
| A token amount of money given as consideration | nominal consideration |
| A legal concept that distinguishes between social promises and serious transactions | consideration |
| A change in a party’s legal position as a result of a contract | legal value |
| A transfer of ownership without receiving anything in return | gift |
| A person to whom a promise is made | promisee |
| The most common form of legal value | exchange of two benefits |
| A person who gives a gift | donor |
