Examlex
In creating an electronic data collection screen, which of the following is the most important consideration?
Forbearance
The act of refraining from exercising a legal right, especially by a creditor who gives the debtor more time to pay an outstanding debt.
Promissory Estoppel
A legal principle that prevents a promisor from reneging on a promise when the promisee has relied on that promise to their detriment.
Consideration
In contract law, consideration refers to something of value exchanged between parties, which is necessary for a contract to be legally binding.
Legal Detriment
A loss or disadvantage that occurs as a result of a contract or agreement, serving as consideration for a promise in contract law.
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