Examlex
Which of the following lists contains all variables?
Illusory Promise
A statement that appears to be a promise but does not actually bind the party to any commitment or obligation.
Promissory Estoppel
A legal principle that prevents a party from going back on a promise, even if the promise was not formally agreed upon, if the other party has relied on that promise to their detriment.
Adequate Consideration
Sufficient value or compensation exchanged between parties in a contract, making the agreement legally binding.
Detriment
A state of being harmed or damaged, often used in legal contexts to describe loss or injury.
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