Question: Under contract law, a promise not to do something that a person could otherwise do __________. is called a forbearance and is an adequate legal

Under contract law, a promise not to do something that a person could otherwise do __________.

  • is called a forbearance and is an adequate legal value to support the existence of consideration for a contract
  • is called a forbearance, but is not adequate legal consideration for a contract
  • is called promissory estoppel, and qualifies as legal consideration
  • is only deemed legal consideration for a contract if the person giving it is financially harmed

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