An Accord Is Enforceable Even Though No New Consideration Is

question 54

True/False

An accord is enforceable even though no new consideration is given.

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Definitions:

Centrality

Centrality refers to the importance or influence of a role or position within a network or structure.

Knowledge-based Economy

An economy driven by the use of knowledge and information as the key asset for growth and development.

Expert Power

Authority or influence derived from possessing knowledge or skills in a particular area.

Physical Resources

Tangible assets such as buildings, machinery, and raw materials that an organization uses to conduct its business.