Examlex
Select the letter of the correct answer for each of the following question(s) . Failing to give proper credit to an author whose words or ideas you have used is called
Consideration
Something of value exchanged by the parties involved in a contract, making the agreement legally binding.
Accepted Offer
An offer that has been agreed upon by all parties involved, leading to the formation of a contract.
Preexisting Duty
An obligation that a party is already legally bound to fulfill, which cannot serve as consideration for a new contract.
Bilateral Contract
An agreement between two parties where each promises to perform an act in exchange for the other's performance.
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