The rule on adequacy of consideration reflects the laissez-faire assumption of freedom of contract.
Correct Answer:
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Q3: Unlike the UCC,the CISG requires new consideration
Q4: Michael and William contracted for Michael to
Q5: Mr.Green agrees to purchase a lawn mower
Q6: Promissory estoppel cannot be applied in the
Q7: An accord and satisfaction prevents a creditor
Q9: A promise not to sue another party
Q10: According to the provisions of UCC,an exclusive
Q11: In determining whether consideration exists,the law is
Q12: Consideration is what distinguishes enforceable agreements from
Q13: A promise to refrain from smoking can
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