Examlex
________ refers to a general expectation that the words, promises, and statements of individuals and groups can be relied upon.
Promise
A declaration or assurance by one party to another that a particular action or condition will occur or be met, potentially forming the basis of a contractual obligation.
Consideration
Something of value that is promised, given, or done that persuades a party to enter into a contract, making the contract legally enforceable.
Contract
A legally binding agreement between two or more parties that is enforceable by law.
Gift
A voluntary transfer of property or funds from one person to another without expectation of payment or compensation.
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