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Question
Lea signs a contract with Metro Business Loans, Inc., to borrow $25,000 to remodel Lea's Hair Care Salon. Lea does not repay the loan. Metro fails to sue within the time prescribed by the applicable statute of limitations. Later Lea promises to pay the debt. To be enforceable, this promise needsa. bargained-for consideration.
b. no consideration.
c. legally sufficient consideration.
d. adequate consideration.
Answer
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Related questions
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