Examlex
Why is an umbrella in danger of being turned inside out on a windy day?
Act
A written ordinance of a legislative body or an action done with a specific intention or outcome in mind.
Legal Value
Refers to something of worth that is recognized by law, often in the context of contracts where it pertains to the exchange of goods, services, or promises that are enforceable.
Preexisting Duty
An obligation that one party already owes to another under the law or an existing contract, which cannot serve as new consideration for a new contract.
Preexisting Duty Rule
A legal principle stating that an agreement to do something that one is already legally obligated to do is not valid consideration for a new contract.
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