A Promise Not to Sue Another Party Is Not Consideration

question 70

True/False

A promise not to sue another party is not consideration because the promise does not convey any legal value to the other party.

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Definitions:

Single Generation

A reference to individuals born and living in the same time period, sharing similar age-related cultural experiences and characteristics.

Modest

Exhibiting behavior or appearance that is reserved, unassuming, and not seeking to attract attention.

Mobility

The ability to move or be moved freely and easily, often referring to social mobility in the context of changing socioeconomic status.

Class Structure

The organization of society into hierarchical categories based on socioeconomic status, often influencing individuals' opportunities and life outcomes.