Risks Ordinarily Assumed in Business Constitute Consideration for the Modification

question 8

True/False

Risks ordinarily assumed in business constitute consideration for the modification of a contract.​

---

Definitions:

Social Groups

Clusters of individuals who interact with each other and share similar characteristics or a sense of unity.

Nationality

The status of belonging to a particular nation, either by birth or naturalization, indicating a person's legal relationship with a state.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity.

Perceptual Phenomenon

Aspects of observation and cognition that involve the interpretation of sensory information, leading to unique perceptions of reality.