Risks Ordinarily Assumed in Business Do Not Constitute Consideration for the Modification

question 21

True/False

Risks ordinarily assumed in business do not constitute consideration for the modification of a contract.

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Definitions:

African-American Slaves

Individuals of African descent who were forcibly brought to the Americas and sold into slavery, enduring forced labor and inhumane treatment until the abolition of slavery.

Lower-Class Citizens

Individuals or groups within a society that are considered to have the lowest social and economic status.

Reparation Pay

Financial compensation awarded to individuals or communities as restitution for past injustices or damages, such as slavery or war.

Electoral College

A body of electors established by the United States Constitution, charged with the responsibility of electing the President and Vice President.