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In a small fender-bender accident, the guilty party pays the innocent party's insurance company in return for a promise not to sue. Answer the following:

  1. In a small fender-bender accident, the guilty party pays the innocent party's insurance company in return for a promise not to sue.

Answer the following:

  • Is there a contract?
  • What is the consideration or promise?
  • Is this contract enforceable?

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