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An elderly man, Mr. Gee, is unable to maintain an erection. Classify his condition.
Consideration
The value (such as money, services, or goods) exchanged between parties in a contract, making the agreement legally binding.
Apparent Authority
The impression given by a principal to a third party that an agent has the authority to act on the principal’s behalf.
Agency Relationship
A legal relationship wherein one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.
Consideration
In contract law, consideration refers to something of value that is exchanged between parties as part of an agreement, making the contract legally binding.
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