A preexisting duty may arise out of a previous contract.
Correct Answer:
Verified
Q5: Consideration is the value given in return
Q6: Normally, a court will evaluate the adequacy
Q7: Adequacy of consideration refers to "how much"
Q8: Providing accounting services is "something of legally
Q9: Situations in which agreements lack consideration include
Q11: Consideration must provide the basis for the
Q12: A promise to do something that one
Q13: To be legally sufficient, consideration must be
Q14: The elements of consideration, in a bilateral
Q15: Shockingly inadequate consideration can indicate fraud in
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