Examlex
Which of the following is typically used in empirical studies as a proxy for the market portfolio?
Bilateral Contract
A type of contract involving mutual obligations whereby each party promises to perform an act in exchange for the other party's act.
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.
Adequacy of Consideration
Assessing whether something of legal value has been exchanged in a contract to justify the parties’ obligations.
Consideration
In contract law, it refers to something of value, such as money, services, or goods, exchanged between parties as part of an agreement.
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