An Example of a Flow Would Be the

question 12

Multiple Choice

An example of a flow would be the

• A) rate at which water goes down the drain.
• B) amount of water in a bathtub.
• C) percent of pollutants in tap water.
• D) pressure of water in a pipe.
• E) rate at which the cold water comes out of the tap.

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Definitions:

Liquidated Debt

A fixed and settled debt amount that is acknowledged by both the debtor and the creditor.

Preexisting Duty

A legal principle that states a promise to do something that one is already legally obligated to do is not sufficient consideration for a new contract.

Unilateral Contract

A promise made by one party in exchange for the performance of a task or action by another party.

Past Consideration

A benefit already provided or an action already performed, which cannot legally constitute consideration for a current contract.