Examlex
Which of the following is not a tactic used by some countries to protect local cultures?
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.
Adequacy of Consideration
Refers to a legal assessment of whether the consideration (value) given in exchange for a promise or for performance in a contract is fair and reasonable.
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