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Distinguish between external cost and external benefit.
Consideration
In contract law, this refers to something of value exchanged between parties as part of an agreement.
Enforceable
Describes a legal agreement or obligation that can be upheld or compelled through legal processes.
Offeree
The person or entity to whom an offer is made, which can be accepted, resulting in a binding contract.
Consideration
In contract law, consideration refers to something of value that is exchanged between parties as part of an agreement.
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