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1.Parties to a contract may agree to rescind the contract if new consideration is given True False 2.Promissory Estoppel is the same as Quasi Contract

1.Parties to a contract may agree to rescind the contract if new consideration is given True

False

2.Promissory Estoppel is the same as Quasi Contract True

False

3.A release means that one party gives up remaining, disputed claims against another. True

False

4.The promise to repay an existing debt even though the Statute of Limitations passed, requires new consideration. True

False

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