Examlex
Which of the following laws focuses on price discrimination on goods of "like grade and quality" without a cost justification?
Preexisting Duty
An obligation that a party is already bound to by law or by some other agreement. The party may not use this as consideration in a new contract.
Promissory Estoppel
A judicial principle that stops one from retracting a pledge given to another if the latter has justifiably depended on the promise to their disadvantage.
Disputed Amounts
Refers to the sums of money under contention between parties in transactions or contracts, often leading to negotiation or legal actions.
Satisfaction
The agreed-to settlement as contained in an accord.
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