Examlex
Solve the problem.
-Two ships leave a harbor together traveling on courses that have an angle of between them. they each travel 506 miles, how far apart are they (to the nearest mile) ?
Preexisting Duty
Preexisting duty refers to an obligation that a party is already legally required to perform, which cannot be used as consideration for a new contract.
Past Consideration
Something given or some act done in the past, which cannot ordinarily be consideration for a later bargain.
Consideration
In contract law, it is something of value exchanged between parties as part of an agreement, serving as the reason or inducement to enter into the contract.
Legally Sufficient
A term indicating that an act, document, or process meets all necessary legal requirements and standards.
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