As Long as Some of the Duties Under a Contract

question 63

Multiple Choice

As long as some of the duties under a contract have not yet been performed,the contract is considered ________.

• A)Stopped
• B)Executed
• C)Ended
• D)Executory
• E)Anticipatory

Understand the principle of consideration in contract law.

Differentiate between valid and invalid consideration.

Recognize the role of promissory estoppel in the absence of formal consideration.

Identify exceptions to the consideration requirement.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among the world's markets and businesses.

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A societal or cultural shift characterized by skepticism towards grand theories and ideologies, embracing plurality and diversity.

Peasant Uprising

A revolt or rebellion by farmers or rural residents, often against oppressive conditions, taxes, or feudal practices.

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An information system where documents and other web resources are identified by URLs, interconnected by hyperlinks, and accessible via the Internet.