Question: Antonio borrows 5000$ from Shylock. Unfortunately, because he cares so little for money, Shylock fails to take action on this loan for 10 years, during

Antonio borrows 5000$ from Shylock. Unfortunately, because he cares so little for money, Shylock fails to take action on this loan for 10 years, during this time the applicable statutes of limitations runs out, barring Shylock from successfully suing Antonio to collect his debt. However, Antonio tells him dont worry i am a man of my word, ill pay back the debt even tho the statues of limitations has run out". The next day Shylock sues Antonio for the 5000$, Antonio argues that the promise to pay back the debt is unenforceable because it was unsupported by consideration. Is he correct? Explain.

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