Examlex
The order of a reaction with respect to any reactant is shown in the rate equation.
Illusory Contract
A supposed agreement that lacks the necessary elements of a binding contract, giving the illusion of a mutual contract without any enforceable commitment.
Consideration Requirement
The consideration requirement is a fundamental principle of contract law that mandates a contract must involve an exchange of value between the parties for it to be legally binding.
Monetary Value
The specific amount of money something is worth, often determined by market conditions, demand, and utility.
Promissory Estoppel
A legal doctrine preventing an individual from reneging on a promise when another person has reasonably relied on that promise to their detriment.
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