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Which of the Following Properly Lists the Terms in Order

question 36

Multiple Choice

Which of the following properly lists the terms in order from least to most substantial?


Definitions:

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

Consideration

In contract law, it refers to something of value exchanged between parties as part of an agreement.

Legally Sufficient Value

A value, consideration, or benefit that is recognized by law as adequate to support a binding contract.

Preexisting Duty

An obligation or duty that already exists under a contract, and performing it, therefore, does not constitute consideration for a new promise.

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