Examlex
The manager of the human resources department of a company is a(n) __________________ manager.
Promissory Estoppel
A legal principle that enables a party to recover on a promise made when they have reasonably relied on that promise to their detriment, even if a formal contract does not exist.
Illusory Contract
An agreement that fails to bind at least one of the parties due to the lack of a definite promise or because the terms allow for withdrawal without consequence.
Adequacy Of Consideration
The principle that the value exchanged in a contract must be fair and reasonable to both parties involved.
Fraud
Intentional misleading to achieve illicit benefits or to cheat someone out of their rightful entitlement.
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