Consideration in bilateral contracts normally consists of a promise in return for a performance.
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Q2: In contract law, the term consideration refers
Q5: Forbearance is the act of refraining from
Q8: A preexisting duty may arise from a
Q9: A determination of whether consideration exists depends
Q11: It is illegal for two parties to
Q13: A promise by one party to pay
Q13: Past consideration can be legally sufficient consideration.
Q18: Consideration is the value given in return
Q19: In general,courts consider the fairness of a
Q20: Risks ordinarily assumed in business constitute consideration
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