Texas Transportation Code Chapter 371 > Subchapter C – Contract Provisions
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Terms Used In Texas Transportation Code Chapter 371 > Subchapter C - Contract Provisions
- Contract: A legal written agreement that becomes binding when signed.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Property: means real and personal property. See Texas Government Code 311.005