Examlex
Gen Xers are difficult to motivate because they lack ambition.
Legally Sufficient Value
Refers to the consideration in a contract that is recognized by law as adequate to support a legal obligation or agreement.
Preexisting Duty
An obligation that one party is already legally required to perform and cannot be used as consideration for a new contract.
Consideration
In contract law, consideration refers to something of value exchanged between parties as part of an agreement.
Preexisting Duty
A duty that already exists under contract law, which cannot be used as consideration for a new promise or contract.
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