In 1991 the Argentine Peso Was Fixed to the Value

question 27

True/False

In 1991 the Argentine peso was fixed to the value of the U.S. dollar on a one-to-one basis.

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Definitions:

Consideration

In contract law, consideration refers to something of value exchanged between parties, which is necessary for a contract to be legally binding.

Legal Detriment

A loss or disadvantage that occurs as a result of a contract or agreement, serving as consideration for a promise in contract law.

Firm Offer

In contract law, a proposal made by a seller to supply goods or services at a fixed price, which cannot be withdrawn for a certain period.

Consideration

Something of value exchanged between parties in a contract that induces them to enter into the agreement.