Examlex
Frank says that he doesn't like having to use a walker, but at least he's in better shape than his brother, who must use a wheelchair. Frank's statement exemplifies the basic principle involved in:
Adequacy of Consideration
The fairness of the value exchanged in a contract, ensuring that what is received is reasonable compared to what is given.
Neo-Expressionist
Referring to a modern art movement characterized by intense subjectivity and rough handling of materials.
Promissory Estoppel
A legal principle that prevents a party from going back on a promised commitment, even if a legal contract does not exist, due to the reliance of the other party on that promise.
Creditor's Promise
A declaration made by a creditor, indicating their intention to extend credit to a debtor under agreed terms.
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