Examlex
Ed knows what a horse is but has never seen nor heard of a camel. When Ed sees his first camel, he says "horsey." Which concept best explains Ed's reaction?
Promissory Estoppel
A legal principle that enforces a promise in absence of a formal contract, provided individuals have acted in reliance on that promise.
Past Service
The period of service that is counted for the purposes of calculating pensions or other benefits, often before the current benefit plan was in place.
Consideration Requirement
In contract law, this is a necessary element that refers to something of value promised in exchange for a specific action or non-action.
Charitable Subscription
A commitment to donate a specified amount of money to a charity or non-profit organization.
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