Examlex
Explain any limitations on the availability of promissory estoppel.
Valid Consideration
A necessary element in the formation of a contract, referring to something of value that is exchanged between the parties.
Sham
A pretense or fake transaction intended to deceive others or for a purpose contrary to law or public policy.
Lack of Consideration
A situation in contract law where an agreement lacks the exchange of something of value, rendering the contract potentially unenforceable.
Conditional Promises
Commitments that are contingent upon the occurrence of a specified event or situation.
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