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Graph the inequality.
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.
Law
Rules devised and applied by institutions of society or the government to modulate behavior.
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