Consideration refers to the serious thought that underlies a party's intent to enter into a contract.
Correct Answer:
Verified
Q3: A preexisting duty may be imposed by
Q5: Parties are not usually free to bargain
Q6: Normally, a court will evaluate the adequacy
Q8: Providing accounting services is "something of legally
Q10: A preexisting duty may arise out of
Q10: Legal sufficiency of consideration is distinct from
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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