Examlex
Step 3 in the time-management approach of "planning your time" is:
Consideration
Consideration is something of value exchanged between parties in a contract that makes the agreement legally binding.
Ethical Obligation
A moral responsibility to act in accordance with ethical principles.
Firm Offer
A legal concept in contract law where an offeror is bound to keep an offer open for a specified period, making it irrevocable even without consideration.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another when the latter has relied on that promise to their detriment.
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