Match the Term with the correct definition. A contract in which one party forfeits the right to pursue a legal claim against the other party is a Choose... A clause in a contract where the parties simply substitute the right to sue with another type of legal action, such as arbitration. Choose... Accord and Satisfaction Covenant Not to Sue Release In an ____ the debtor offers to pay, and a creditor accepts, a lesser amount than the creditor originally claimed was owed. Fill in the blank with the correct word. If the promisor has not definitely promised to do anything, the promise is said to be Choose.. The refraining (stopping) from an action that one has a legal right to undertake is called a The require a creditor to sue within a specified period to recover a debt. Choose... Unforeseen Rescission Shockingly Inadequate Consideration Statutes of Limitations Preexisting Duty Rule Forbearance Promissory Estoppel Past Consideration Illusory Promises made in return for actions or events that have already taken place is called _____ is the unmaking of a contract so as to return the parties to the positions they occupied before the contract was made. If, during performance of a contract, extraordinary difficulties arise that were totally at the time the contract was formed, a court may allow an exception to the rule. Choose... The- holds that a promise to do what one already has a legal duty to do does not constitute legally sufficient consideration. Choose... Under the doctrine of _______ (also called detrimental reliance), a person who has reasonably relied on the promise of another may be able to obtain some recovery if the promise is broken. Choose. When there is it may raise a red flag for a court to look more closely at the bargain. Choose