It is illegal for two parties to mutually agree to rescind a valid contract.
Correct Answer:
Verified
Q1: A release does not require consideration to
Q4: A minor has a reasonable time, after
Q5: A covenant not to sue does not
Q7: Adequacy of consideration refers to "how much"
Q8: A preexisting duty may arise from a
Q9: The doctrine of promissory estoppel does not
Q12: An illusory promise is unenforceable.
Q13: Past consideration can be legally sufficient consideration.
Q15: Inadequate consideration always indicates undue influence.
Q16: A minor may enter into a contract
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