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When you identify an answer on a test because it looks familiar, you are using
Fair Value
An estimate of the market value of an asset, determined by mutual agreement between a willing buyer and seller, each possessing adequate information.
Good Faith
Acting with honesty and without the intention to defraud or to seek an unfair advantage.
Without Alteration
A term referring to maintaining the original state or condition of something without any changes or modifications.
Lack of Consideration
A legal concept indicating the absence of a necessary element in a contract, where one party does not provide a promised payment or service in exchange for the other's offering.
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