Most courts hold that a liquidated debt cannot be compromised without new consideration.
Correct Answer:
Verified
Q30: The requirement that consideration be bargained-for means
Q31: A promise to refrain from underage drinking
Q32: An illusory promise is:
A) never sufficient to
Q33: For the doctrine of promissory estoppel (detrimental
Q34: A promise to deliver merchandise in the
Q36: A party who promises to complete a
Q37: Which of the following most likely constitutes
Q38: "Legal detriment" in the context of consideration
Q39: Promissory estoppel is an equitable doctrine that
Q40: In a two-party contract,which is true about
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