The courts use the presence or absence of a(n)________ to distinguish between serious promises and those that are not serious.

Question

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The presence or absence of consideration is a key factor in determining if a promise is enforceable as a contract. Consideration refers to the benefit each party receives or the loss each party suffers as a result of entering into the agreement. Without consideration, a promise may be considered a mere gift or moral obligation rather than a binding contract.

The Courts Use the Presence or Absence of A(n)________ to Distinguish