An Obligation Is Enforceable Only If It Is Supported by Past

question 1

True/False

An obligation is enforceable only if it is supported by past consideration.

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Definitions:

Regulatory Components

Elements or aspects of laws, regulations, or guidelines that impact how businesses and individuals must conduct themselves.

Registration Provisions

Legal requirements for the recording or listing of an item, transaction, or entity with a designated authority to make it legally recognizable and/or to regulate it.

Rule 163

Without a specific context, this refers to a regulatory or procedural guideline within a particular legal, financial, or institutional framework that may differ significantly in content across contexts.

1933 Act

Officially known as the Securities Act of 1933, this legislation was enacted to protect investors by requiring transparency in the financial statements of publicly traded companies.