Examlex
Simplify. Your answer should be in lowest terms.
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Consideration
Something of value (such as goods, services, or money) that is exchanged between parties in a contract, making the agreement legally binding.
Preexisting Duty Rule
A principle in contract law that holds an existing duty does not constitute consideration for a new promise.
Unforeseen Circumstances
Events or conditions that could not have been reasonably anticipated and that may affect the performance of contractual obligations.
Ethical
Pertaining to or dealing with morals, the principles of morality concerning right and wrong or good and bad behavior.
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