Examlex
Which type of economic graph reveals trends in data?
Gratuitous Promise
A voluntary promise or agreement without consideration, where the promisor is not legally bound to fulfill the promise.
Common Law
A legal system based on judicial decisions and precedents rather than statutory laws, common in many English-speaking countries.
Consideration
Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Quantum Meruit
A legal principle meaning "as much as he has deserved," allowing a person to recover reasonable compensation for services or goods provided when no contract exists, or where a contract exists but precise amounts are not specified.
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