Examlex
Choose the one best answer for each numbered item.
-Animal pole
Preexisting Duty
An obligation that one party is already legally required to perform, which cannot serve as consideration for a new contract.
Highlights
Key points or significant details that stand out within a larger context.
Preexisting Duty
An obligation that a party is already legally bound to perform, which cannot serve as consideration for a new contract.
Bilateral Contract
A type of agreement involving two parties where each side promises to fulfill certain obligations to the other; a mutual exchange of promises.
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