A preexisting duty can arise from a person's job or position,or it can arise out of an existing contract.
Correct Answer:
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Q13: Forbearance in the form of refraining from
Q14: Money is a common form of consideration
Q15: The presumption that contracts are supported by
Q16: A contract in which the seller agrees
Q17: The imposition of a best efforts clause
Q19: A cash payment of $1 given to
Q20: An agreement where a party gives up
Q21: The nonperformance of an accord is called
Q22: When a seller promises a buyer to
Q23: Which of the following constitutes legal consideration?
A)
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