Examlex
Which of the following is not a required element for a legally enforceable contract?
Discount
A reduction from the usual cost of something, often applied to encourage buyers.
Preexisting Duty
An obligation that one is already legally bound to perform, which cannot serve as consideration for a new contract.
Extortion
The act of obtaining something, especially money, through force or threats.
Preexisting Duty
Preexisting Duty is a legal principle stating that an action or service required by an existing contract cannot serve as consideration for a new contract.
Q1: Bob signed a contract to donate to
Q18: When Lucine, a health department inspector, comes
Q20: Which of the following alternate dispute resolution
Q39: Socialist law systems are based on the
Q51: Article 2 of the Uniform Commercial Code
Q52: Most courts recognize that the concept of
Q72: torts are those wherein the defendant took
Q80: A(n) contract involves the exchange of a
Q82: due process refers to the basic fairness
Q83: What is a fixture? In a landlord-tenant