Examlex
Which one of the following statements is true?
Consideration
A concept in contract law that refers to something of value that is exchanged between parties to a contract, making the agreement legally binding.
Charitable Pledge
A commitment to donate a specific sum of money to a charitable organization, often payable over a certain period.
Past Consideration
A term used in contract law that refers to an act or benefit given in the past, which cannot be used as consideration for a current contract.
Promissory Estoppel
A legal principle that prevents a promisor from withdrawing a promise that a promisee has relied upon.
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