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Consideration - Coggle Diagram
Consideration
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Promissory estoppel
Where A promises something to B, and B relies on that promise to his detriment, then A should be stopped from going back on his promise
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Types of consideration
Excecuted - The promisor asks for something in exchange for his promise, and the promisee provides consideration by giving the promisor what he has requested
Executory - This is the promise to provide consideration, and is also valid