Examlex
Which of the following statements is not generally true?
Promissory Estoppel
A legal principle that prevents a party from going back on a promised commitment, even if a legal contract does not exist, due to the reliance of the other party on that promise.
Creditor's Promise
A declaration made by a creditor, indicating their intention to extend credit to a debtor under agreed terms.
Tender
The formal process of submitting a proposal or bid to undertake a contract or supply goods or services.
Consideration
Something of value that is exchanged between parties as part of a contract, making the agreement legally binding.
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