Examlex
Fallacy of misplaced concreteness is
Estopped
Barred, impeded, or precluded.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise when the other party has relied upon it to their detriment.
Preexisting Duty
An obligation or duty that already exists under contract law and does not constitute valid consideration for a new agreement.
Rescission
The act of canceling, voiding, or annulling a contract, returning the parties to their positions prior to the contract.
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