Legal Detriment
LEGAL DETRIMENT
A change in position by one to whom a promise has been made, or an assumption of duties or liabilities not previously imposed on the person, due to the person's reliance on the actions of the one who makes the promise.
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Promise , prom·ise / ˈpräməs/ • n. a declaration or assurance that one will do a particular thing or that guarantees that a particular thing will happen: what… Fidelity , fidelity •banditti, bitty, chitty, city, committee, ditty, gritty, intercity, kitty, nitty-gritty, Pitti, pity, pretty, shitty, slitty, smriti, spitt… Vondie Curtis-Hall , vow / vou/ • n. a solemn promise. ∎ (vows) a set of such promises committing one to a prescribed role, calling, or course of action, typically to mar… Consideration , Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Consideration i… Promissory Note , PROMISSORY NOTE
A written, signed, unconditional promise to pay a certain amount of money on demand at a specified time. A written promise to pay mon… undertaking , undertaking •backing, blacking, packing, sacking, tracking, whacking •ranking, spanking •nerve-racking •marking, sarking •making, taking, undertaking…
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Legal Detriment