Suppose Bill promises to pay Mike, the school bully, $2 per week for "protection" in exchange for Mike's promise not to beat up Bill. Bill refuses to pay. Bill's promise is enforceable because it is supported by consideration.
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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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Q14: Consideration is equitable value, bargained for and
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Q18: As a general rule, a promise to
Q19: All courts hold that cashing a "payment
Q20: Courts generally do not enforce a promise
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