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| Exchange or benefits and detriments by parties to an agreement |
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| Something that a party was not previously entitled to receive |
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| Not doing something that you have the legal right to do |
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| A promise is made in return for another promise, an act, or a promise not to act |
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| An agreement or a contract that is considered completely out of line |
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| Contract is discharged when one party to an agreement agrees to accept preformance from the other party that is different from what the agreed upon in the original contract |
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| The acceptance by the creator of the less than what has been billed to the debtor |
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| The agreed-to settlement as contained in the accord |
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| A mark or an impression placed on a written contract indicating that the instrument was executed and accepted in a formal manner |
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| Principle that bars a party from taking back certain types of promises, such as charitable subscriptions, on which another party relies |
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| When an offeree gives consideration to an offeror in exchange for a promise from the offeror to keep an offer open for a specified period of time |
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| A contract that appears to be a contract at first glance, but on further scrutiny is revealed to be hollow |
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| Consideration that took place in the past or given from something that has already been done, is not regarded as legal by the courts |
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| An existing legal obligation to do something |
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