Contracts Falling Under Past Consideration Are Unenforceable Due to a Preexisting

question 14

True/False

Contracts falling under past consideration are unenforceable due to a preexisting consideration.

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Definitions:

Standardized Way

A method or procedure that has been uniformly applied and adopted across different situations or environments to ensure consistency.

Existing State

The current condition or situation of a system, organization, or individual before any changes or interventions.

Desired States

refer to the preferred or targeted conditions or outcomes that individuals or organizations aim to achieve.

Decision Strategy

An approach individuals or organizations adopt to make choices among various alternatives, often involving tools and processes to improve outcomes.