Examlex
Choose the most appropriate description for each item.
-DNA molecules
Consideration
In contract law, consideration refers to something of value, which can be an object, service, money, or promise, exchanged between parties as the basis for a contract.
Bilateral Contract
An agreement between two parties in which each party commits to performing a specific obligation.
Consideration
In a contractual agreement, it is the value or promise that each party agrees to exchange.
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.
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