Examlex
Circulation is vital because it
Foreseen Difficulty
An anticipated challenge or problem that can be predicted based on current knowledge or trends.
Preexisting Duty
Preexisting duty refers to an obligation that a party is already legally required to perform, which cannot be used as consideration for a new contract.
Past Consideration
Something given or some act done in the past, which cannot ordinarily be consideration for a later bargain.
Consideration
In contract law, it is something of value exchanged between parties as part of an agreement, serving as the reason or inducement to enter into the contract.
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