Examlex
Which of the following is insoluble in water?
Past Consideration
Anything given or promised to be given in the past, which cannot be considered valuable in the context of forming a current contract.
Law of Consideration
A principle in contract law that requires an exchange of something of value between the contracting parties.
Specific
Clearly defined or identified; particular and distinct.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise.
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