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Point of Contra-Flexure Is a

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Point of contra-flexure is a

Understand the different types of decisions (programmed vs. nonprogrammed) and the context in which they are made.
Identify and understand common decision-making traps and how they can influence outcomes.
Appreciate the concept of unintended consequences in decision-making and the importance of tacit knowledge over explicit knowledge.
Identify various types of igneous rocks based on their characteristics.

Definitions:

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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