The preexisting duty rule permits a party who is bound by contract to per?form a certain duty to use that duty as consideration for a second contract.
Correct Answer:
Verified
Q3: To be legally sufficient,consideration must include something
Q3: Rescission is the dissolution of a contract
Q4: For consideration to have "legally sufficient value,"
Q4: Failing to use the word consideration in
Q5: A promise by one party to pay
Q6: If a promise is made, it will
Q7: A transaction that lacks a bargained-for exchange
Q8: Extraordinary difficulties that were unforeseen at the
Q12: A promise to do something that one
Q14: A bargained-for exchange is one of the
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