Examlex
What is downsizing and how is it best done? List and describe four ways of choosing who gets targeted during a downsizing.
Preexisting Duty
Preexisting Duty is a legal principle stating that an action or service required by an existing contract cannot serve as consideration for a new contract.
Promissory Estoppel
A doctrine that applies when a promisor makes a clear and definite promise on which the promisee justifiably relies. Such a promise is binding if justice will be better served by the enforcement of the promise.
Promisor
An individual or entity that makes a promise to perform an act or fulfill an obligation as specified in a contract.
Obtained
Acquired or secured something, typically through purchase, request, or effort.
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