True Consideration Occurs Only When the Value of One Promise

question 32

True/False

True consideration occurs only when the value of one promise is equal to the value of the promise given by the other party.

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Definitions:

Condemnation Proceeding

A legal process in which government acquires private property for public use, providing fair compensation to the owners.

Eminent Domain

The power of a government to take land from private citizens for public use on the payment of just compensation.

Public Park

An open space preserved for recreational use by the public, often maintained by a city or municipality.

Duplex

A dwelling consisting of two living units with separate entrances, either side by side or on two different floors.