Examlex
Why does specialization require a convenient means of exchanging goods?
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another party if the latter has relied on that promise to their detriment.
Stock Option
A financial instrument granting the holder the right, but not the obligation, to buy or sell a stock at an agreed-upon price within a certain period.
Detrimental Reliance
A legal principle where a party suffers harm by relying on a misleading statement or promise of another.
Bargained-for Exchange
A fundamental principle of contract law that involves a mutual exchange of value or promises between parties.
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