To Be Legally Sufficient,consideration Must Include Something of Economic Value

question 25

True/False

To be legally sufficient,consideration must include something of economic value.

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Definitions:

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Remembered

Pertains to information or experiences that have been stored in memory and can be retrieved.

Prefrontal Cortex

The part of the brain located at the front of the frontal lobes, involved in complex behaviors such as decision making, planning, and moderating social behavior.

Overconfidence

An overly positive judgment of one’s own decision-making abilities and performance.