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During a field trip, an instructor touched a moth resting on a tree trunk. The moth raised its forewings to reveal large eyespots on its hind wings. The instructor asked why the moth lifted its wings. One student answered that sensory receptors had fired and triggered a neuronal reflex culminating in the contraction of certain muscles. A second student responded that the behavior might frighten predators. Which statement best describes these explanations?
Promissory Estoppel
A legal principle that prevents a party from retracting a promise when the other party has reasonably relied on that promise to their detriment.
Consideration
Something of value that is promised, given, or received in a contract to make it legally binding.
Moral Consideration
Ethical values or principles that influence an individual’s decisions and actions, often guiding behavior in social and professional contexts.
Unliquidated Debt
Debt for which the exact amount owed has not been determined.
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