Examlex

Solved

It Is Estimated That ____ Causes Millions of Dollars of Damage

question 1

Multiple Choice

It is estimated that ____ causes millions of dollars of damage each year, along with the theft of important and valuable data.


Definitions:

Preexisting Duty

A duty that already exists under contract law, which cannot be used as consideration for a new promise or contract.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.

Consideration

The value (which could be in the form of goods, services, or money) exchanged between parties in a contract, making the agreement legally binding.

Legally Sufficient Consideration

A value or benefit that is recognized by law, which is exchanged between parties as part of a contract.

Related Questions