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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.
Preexisting Duty Rule
A legal principle stating that an existing contractual obligation cannot serve as consideration for a new contract.
Bilateral Contract
A bilateral contract is a mutually binding agreement in which each party makes a promise to the other, such as a promise to perform a service in exchange for payment.
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