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Explain what constitutes consideration, explain the fundamental idea underlying promissory estoppel, explain why promises based on moral obligations lack consideration, list the exceptions to the
Explain what constitutes consideration, explain the "fundamental idea" underlying promissory estoppel, explain why promises based on moral obligations lack consideration, list the exceptions to the requirement of consideration, and distinguish between a "preexisting legal obligation" and "past consideration." Illustrate a scenario in which theconsideration provided would not be considered legally valid.
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