The Performance of a Pre-Existing Contractual Duty Which Is Neither

question 12

True/False

The performance of a pre-existing contractual duty which is neither doubtful nor the subject of an honest dispute is legally sufficient consideration to support a second contract.

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Definitions:

Resources Allocation

The process of distributing available resources among various uses or projects in an effective manner.

Median-Voter Model

The theory that under majority rule the median (middle) voter will be in the dominant position to determine the outcome of an election.

Economically Efficient

Refers to a situation where resources are allocated in the most effective way, maximizing production while minimizing waste and inefficiency.

Dollar Voting

Dollar voting is the concept where consumers influence market trends and production decisions through the choices they make with their spending.