The legal term for the value given in return for a promise or performance is - Oa Labor Ob Money Oc Gifts. O d. Consideration In the case of unforeseen circumstances, the parties may Select one: O a Rescind the contract. O b. Modify the contract. Oc Both of the above. O d. Neither of the above. A promise to do what one already has a legal duty to do is known as Select one: O a. Preexisting Duty. O b. Past Consideration. The legal concept of "Adequacy of Consideration means Select one: O a. The amount of money received in exchange for labor or property must be adequate. O b. The contract agreement must contain the word "consideration." Oc. The court is not generally concemed with the value of the consideration exchanged. Od The amount of money received in exchange for labor or property must be fair. Which of the following is not an example unforeseen circumstances Select one: O a War. Ob. An earthquake Oc. Inflation O d. A forest fire