Examlex
Which of the following is a focus of external equity pay?
Quasi-contract
A quasi-contract is a legal concept where the court imposes a contract-like obligation on a party to prevent unjust enrichment, even though no actual agreement exists between the parties.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made when the other party has reasonably relied on that promise to their detriment.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed to be enforceable.
Oral Contract
A verbal agreement between parties that is legally binding, though more difficult to enforce than written contracts due to the lack of physical evidence.
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