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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.
Equitable Estoppel
A legal principle that prevents a party from denying or asserting anything to the contrary of a previous commitment or action if it would be unjust or harm the other party who relied on the initial stance.
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