Question: There was consideration because the parties had a bargained - ier - exchange of promises ( i . e . to pay $ 7 0

There was consideration because the parties had a bargained-ier-exchange of promises (i.e. to pay $700 for studio services).
Did the parties have a valid and enforceable contract at law?
Yes, the parties had a valid contract.
No, there was no valid contract between the parties.
 There was consideration because the parties had a bargained-ier-exchange of promises

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