1. Why is contract law fundamental to a market economy? 2. Which of...

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Accounting

1. Why is contract law fundamental to a market economy?

2. Which of the following do not amount to consideration under contract law?

a. $0.05 (i.e. 5 cents)

b. A promise to think about an offer

c. A expensive painting given to the Tina the week before she makes an offer to sell a valuable vase to you

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