Examlex
What kind of pricing objective did LivingSocial have in selling something worth $20 for $10?
Pre-existing Duty Rule
A legal principle stating that a party's promise to perform a duty that is already owed under a contract does not constitute valid consideration for a new agreement.
Synthetic Fuel Oil
A liquid fuel produced from coal, natural gas, or biomass through chemical processes rather than by natural geological processes.
Legal Terminology
The specialized language used that relates to laws or the legal process, including terms of art, phrases, and concepts.
Sufficiency of Consideration
The legal principle that the value exchanged in a contract must be both legally sufficient and something of value, in order for the contract to be enforceable.
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