Legal sufficiency of consideration is distinct from adequacy of consideration.
Correct Answer:
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Q3: A preexisting duty may be imposed by
Q5: Parties are not usually free to bargain
Q5: Consideration is the value given in return
Q8: Providing accounting services is "something of legally
Q9: Consideration refers to the serious thought that
Q10: A preexisting duty may arise out of
Q13: To be legally sufficient, consideration must be
Q14: The elements of consideration, in a bilateral
Q14: With respect to consideration, a bargained-for exchange
Q18: Essentially, adequacy of consideration concerns the fairness
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