Examlex
What is the demographic crisis that is likely to occur later in the 21st century and why is it likely to happen?
Consideration Requirement
The legal principle that a contract must involve a bargain or exchange of value between the parties to be enforceable.
Existing Contract
A legal agreement that is currently in place and governs a relationship between parties at the present time.
Past Consideration
Something of value that has been given or promised in the past and cannot serve as consideration for a current contract due to its occurrence before the contract was made.
Present Promise
A vow or commitment to take action or uphold terms at the current time.
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