Examlex
Gridlock, the inability of the House of Representatives, the Senate, and the president to agree on new policies, poses a challenge for America's constitutional system.
Preexisting Duty Rule
A legal principle stating that performing a duty one is already legally obligated to perform does not constitute valid consideration for a new contract.
Unforeseen Difficulties
Challenges or complications that could not have been predicted or expected, often affecting the execution of plans or projects.
Past Consideration
A concept in contract law that refers to an act or benefit given prior to the promise being made, which therefore does not constitute valid consideration for a contract.
Stock Options
Financial derivatives that give the holder the right, but not the obligation, to buy or sell a stock at a predetermined price within a specific period.
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