Consideration That Is Exchanged After Mutual Assent to the Present

question 21

True/False

Consideration that is exchanged after mutual assent to the present contract is called past consideration.

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Definitions:

Prejudice

A preconceived opinion or bias against an individual or group without sufficient knowledge, thought, or reason.

Discrimination

The unfair or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Attitude

An established pattern of thoughts or feelings toward a person or thing, often influencing how an individual acts.

Behavior

The way in which an individual acts and conducts themselves, especially towards others.