Examlex
You are thirsty and stranded on an island with two sources of water to drink.You have the option to drink the salty ocean water or to drink muddy,fresh water.Which water will you choose to drink to quench your thirst? Explain your selection.
Unilateral Contract
A contract where one party makes a promise in exchange for an act by another party, which upon performance, binds the first party to its promise.
Promissory Estoppel
A law that stops someone from going back on a commitment they've made to another if the second party has trusted this promise to their own disadvantage.
Promissory Estoppel
A judicial doctrine that forbids a party from revoking an assurance given to another party if the recipient has legitimately acted on that promise to their detriment.
Quasi Contract
A legal concept where a court imposes a contractual obligation on a party who has not expressly consented to it, to prevent unjust enrichment.
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