Study Guide Chap 12 - 5. Merchants firm offer Terms: Accord...

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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. Merchants firm offer Terms: Accord and satisfaction Mutual legal consideration Past consideration Rescission Preexisting duty...
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