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

question 60

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:

Rapid Growth

A significant increase in a company's revenue, size, or market share in a short period, often seen in start-up ecosystems.

Venture

A business venture refers to a new enterprise or initiative that involves some level of risk, aiming for growth and profit.

Failure Rates

The percentage of businesses or projects that do not succeed, often used as a metric to assess risk or the effectiveness of strategies.

High-Growth Stage

A phase in a company's development characterized by a rapid expansion in revenue, customer base, or market share.