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Preexisting Duty Rule
in contract law, states that an agreement to perform an act already legally obligated to is not sufficient consideration for a new promise.
Negative Information
Adverse details or data that can impact an individual or entity's reputation or creditworthiness.
Breach Of Contract
The failure to fulfill the terms or conditions of a contract without a lawful excuse.
Usury Laws
Statutes and regulations intended to protect consumers by limiting the amount of interest that can be charged on a loan.
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