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There Must Be Some Incentive or Inducement for a Person's

Question 62

Multiple Choice

There must be some incentive or inducement for a person's promise or it is not binding. The legal mechanism for evaluating the existence of this incentive is "_____" which refers to the receipt of a legal benefit or the suffering of a legal detriment.


A) collusion
B) promissory estoppel
C) consideration
D) reversion
E) novation

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