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Which of the following statements is INCORRECT? Question 10Answer a. The general rule is that past consideration is not good consideration. b. Consideration must be

Which of the following statements is INCORRECT? Question 10Answer a. The general rule is that past consideration is not good consideration. b. Consideration must be in writing. c. Consideration must be present in every simple contract, but is not required for contracts in the form of a deed. d. Consideration does not have to be commercially proportionate or reasonable but must be something of value

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