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Interpreting Touch Does Not Depend on

question 136

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Interpreting touch does not depend on


Definitions:

Preexisting Duty

An obligation that one is already legally required to perform, which cannot be used as consideration for a new contract.

Legally Sufficient Consideration

Consideration that is considered to be enough or adequate under the law for a contract to be binding.

Preexisting Duty

An obligation that one party already owes under the law or another agreement, which cannot serve as consideration for a new contract.

Cost of Doing Business

The total expenses incurred by a company in operating its business, including manufacturing, marketing, and administrative costs.

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