Examlex
A firm's ________ is determined by the number of separate items within the same category.
Consideration
In contract law, it refers to something of value exchanged between parties as part of an agreement.
Legally Sufficient Value
A value, consideration, or benefit that is recognized by law as adequate to support a binding contract.
Preexisting Duty
An obligation or duty that already exists under a contract, and performing it, therefore, does not constitute consideration for a new promise.
Law
Rules devised and applied by institutions of society or the government to modulate behavior.
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