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What is the key difference between absolute monarchies and limited monarchies?
Partially Performed
Refers to a contract or agreement that has been started but not completed, fulfilling some but not all obligations.
Adequacy of Consideration
A legal principle assessing whether the value exchanged in a contract is reasonable and fair to both parties.
Breach-of-Contract
An act of breaking the terms set out in a contract, which can lead to legal consequences and damages.
Preexisting Duty Rule
A legal principle stating that performing a duty that one is already legally obligated to do is not sufficient consideration for a new contract.
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