Examlex
As a result of Japan's show of strength in the Russo-Japanese War:
Promissory Estoppel
A legal principle that prevents a promisor from retracting a promise which the promisee has relied upon to their detriment, in the absence of a formal contract.
Unilateral Contract
An agreement in which one party makes a promise, but the other party is not required to respond with a promise in return; performance is the only acceptance needed.
Invitation Seeking Offers
An invitation to negotiate or an invitation to the public to make an offer, which is a common practice in contract law, particularly in the context of tenders.
Valid Acceptance
An agreement to the terms of an offer in a manner required by the contract, resulting in a binding contract between the parties.
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