An exclusive dealing contract is one type of contract which is illusory because it lacks consideration.
Correct Answer:
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Q9: The adequacy of consideration,while not important to
Q10: The central idea behind consideration is that
Q11: An agreement to sell the entire production
Q12: The element of exchange is absent where
Q13: A few states provide by statute that
Q15: The Code has changed the common law
Q16: Contracts generally require adequacy of consideration where
Q17: Consideration can be valid regardless of whether
Q18: In some states a promise under seal
Q19: If Walter agrees to sell to Caleb
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