If the promisee does or agrees to do something he or she had no prior legal duty to do in exchange for the promisor's promise, that provides legal value.
Correct Answer:
Verified
Q2: At a fairly early point in the
Q3: Creditors usually enter compositions in order to
Q4: Generally, a bilateral contract that lacks mutuality
Q5: In a bilateral contract, a promisee's consideration
Q6: Which of the following statements is true
Q8: If the promisee agrees not to do
Q9: Requisitions are agreements between a debtor and
Q10: A liquidated debt is one that is
Q11: In effect, the requirement of consideration requires
Q12: Once a binding accord and satisfaction has
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