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A prominent exponent of functionalism in the United States
Adequacy of Consideration
Assessing whether something of legal value has been exchanged in a contract to justify the parties’ obligations.
Consideration
In contract law, it refers to something of value, such as money, services, or goods, exchanged between parties as part of an agreement.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another if the latter has reasonably relied on that promise to their detriment.
Reasonable Reliance
A principle where a party acts based on the representation or promise of another, believing it to be true.
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