The Term "Past Consideration" Is Not Really Consideration at All

question 24

True/False

The term "past consideration" is not really consideration at all because the law will not find a contract where there is no bargained-for-exchange.

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Definitions:

External Validity

The extent to which the findings of a study can be generalized to other people, settings, times, measures, and characteristics.

Internal Validity

The extent to which a research study accurately reflects or assesses the specific concepts or variables it is intended to measure.

Descriptive Field Studies

Research that involves observing and describing the behavior of subjects in their natural environment.

Experimental Control

Techniques used in research to minimize the influence of external variables, ensuring that the observed effects are due to the manipulation of the independent variable.