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When Oliver Wendell Holmes Said,"It Is the Essence of a Consideration

Question 71

Multiple Choice

When Oliver Wendell Holmes said,"It is the essence of a consideration that,by the terms of the agreement,it is given and accepted as the motive or inducement of the promise," he was referring to:


A) Moral obligations
B) Bargained-for exchange
C) Nominal consideration
D) Past consideration

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