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Consideration
A value that is exchanged between parties in a contract, making the agreement legally binding.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another party, if the latter has reasonably relied on that promise to their detriment.
Hamer v. Sidway
A landmark case in contract law regarding forbearance as consideration, where a promise not to do something can be as legally binding as a promise to do something.
Unforeseen Circumstances
Situations or events that could not have been predicted or expected, often leading to disruptions in agreements or plans.
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