Examlex
What is the correct order of the steps of the basic problem solving procedure?
Adequacy
The sufficiency to meet the needs or requirements; often assesses whether something is enough in quantity or meets a certain standard.
Consideration
Something of value (such as money, services, or goods) exchanged between parties in a contract.
Legally Sufficient Value
Refers to the consideration in a contract that is recognized by law as adequate to support a legal obligation or agreement.
Preexisting Duty
An obligation that one party is already legally required to perform and cannot be used as consideration for a new contract.
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