Study Guide Chap 12 - 5 Merchant’s firm offer Terms •...

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Exception to consideration agreement 1. Equity 2. Promises to pay debts barred by a statute of limitations 3. Promise to make charitable contribution 4. Promises to pay debts discharged in bankruptcy
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Unformatted text preview: 5. Merchant’s firm offer Terms: • Accord and satisfaction • Mutual legal consideration • Past consideration • Rescission • Preexisting duty...
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