True/False
The preexisting duty rule permits a party who is bound by contract to per?form a certain duty to use that duty as consideration for a second contract.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: Rescission is the substitution of one party
Q17: Two parties can mutually agree to rescind
Q29: Inadequate consideration may reflect a lack of
Q29: Flossy promises to pay her cousin Garth,who
Q48: A transaction that lacks a bargained-for exchange
Q69: Milo files a suit against National Corporation
Q71: Superior-Plus Properties, Inc., and Topps Construction Company
Q72: General Credit Corporation's promise to pay its
Q76: Fact Pattern 12-A2 <br>Brad defends against a
Q79: Collection of EZ Sales Company's debt to