Examlex
Typical value chain support activities are procurement and human resource management.
Preexisting Duty Rule
A legal principle stating that performing a duty that one is already legally obligated to do is not sufficient consideration for a new contract.
Illusory Promise
A statement that appears to be a promise but does not actually bind the party to any commitment or obligation.
Redistribution of Wealth
A process or policy aimed at adjusting the distribution of wealth within a society, usually by transferring wealth from the richer to the poorer segments.
Consideration
Something of value exchanged between parties as part of a contract.
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