Examlex
The following is a valid argument: Jim is over sixty. Jan is not as old as Jim. So Jan must be less than sixty.
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 to their detriment.
Foreclose
The legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
Consideration
The value (such as money, goods, or services) that is exchanged between parties in a contract.
Contractual Obligation
A duty or commitment that a party is bound to fulfill as per the terms of a contract.
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