In Determining Whether Consideration Exists,the Law Is Not Concerned with Any

question 42

True/False

In determining whether consideration exists,the law is not concerned with any disproportion in value between the things exchanged in a contract.

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Definitions:

Colonialism

The practice of acquiring full or partial control over another country, occupying it with settlers, and exploiting it economically, often associated with imperialism.

Poverty

A condition where individuals lack sufficient income or resources to achieve a minimum standard of living.

Children

Young human beings below the age of puberty or below the legal age of majority.

Democracy

In a democracy, citizens exercise a high degree of control over the state. They do this mainly by choosing representatives in regular, competitive elections.