Past Actions Unbargained for by the Parties in an Agreement

question 65

True/False

Past actions unbargained for by the parties in an agreement can become valid consideration for a contract.

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Definitions:

Party Systems

Structures within political landscapes defined by the number of significant political parties and their interactions within a government's framework.

Major Political Parties

The dominant political parties in a political system that typically have the greatest chance of winning elections and holding power, such as the Democratic and Republican parties in the United States.

U.S. Senate

One of the two chambers of the United States Congress, comprising two senators from each state, tasked with legislating, advising and consenting on treaties, and confirming appointments.

Financial Backing

Support provided in the form of funds or resources to finance a project, venture, or individual.