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Why do many students with good grades read an assignment slowly?
Preexisting Duty Rule
In contract law, a principle that states if someone is already legally required to perform a certain duty, promising to perform that duty is not sufficient consideration for a new contract.
Consideration
The value (such as money, services, or goods) promised in a contract that motivates parties to enter into the agreement.
Ethical
Related to moral principles or the branch of knowledge dealing with these.
Liquidated Debt
A debt where the amount owed is known and determined, not subject to future conditions.
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