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| Is the exchange of benefits and detriments by parties to an agreement |
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| Is something that a party was not previously entitled to receive. |
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| Is not doing something that you have the legal right to do |
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| A promise is made in return for another promise, an act, or a promis not to act |
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| An agreement or contract that is considered completely out of line |
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| Contract is discharged when one party to an agreement agrees to accept performance from the other party that is different from what was agreed upon in the original contract |
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| is a mark or impression places on a written contract indicating that the instrument was executed and accepted in a formal manner |
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| Principle that bars a party from taking back certain types of promises, such as charitable subscriptions, on which another party relies. |
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| When an offeree gives consideration to an offeror in exchange for a promise from the offeror to keep an offer open for a specified period of time. |
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| A contract that appears at first glance to be a contract, but on further scrutiny is revealed to be hollow |
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| Consideration that took place in the past or that is given for something that has already been done |
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| An existing legal obligation to do something |
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| The acceptance by the creditor of less than what has been billed to the debtor |
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| The agreed-to settlement as contained in the accord |
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