Examlex
When would a "test" be considered to be validated?
Promissory Estoppel
A legal principle that prohibits a party from going back on a promise made to another party, if the latter has reasonably relied on that promise to their detriment.
Option Contract
A contract granting one party the option to execute a transaction, such as buying or selling an asset at a future date.
Unconscionable
Ridiculously inadequate.
Forbearance
The act of refraining from enforcing a right, obligation, or debt, often temporarily and under specific conditions.
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