Examlex
What determines the size, number, and location of tack welds on a pipe joint?
Past Consideration
In contract law, the concept that an act or benefit provided before and independently of a promise does not constitute valid consideration for the promise.
Accord and Satisfaction
A legal contract wherein a dispute is settled by the parties involved agreeing to provide and accept something different than originally owed.
Doctrine of Promissory Estoppel
A legal principle preventing a party from withdrawing a promise made when the other party has reasonably relied on that promise to their detriment.
Preexisting Duty Rule
A legal principle stating that an existing obligation in a contract cannot serve as consideration for a new contract or for modifying the existing contract.
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