what is the difference between past consideration and pre existing duties?
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Past consideration is a promise to give another something of value in return for goods or services rendered and delivered in the past, without expectation or reward Preexisting Duty is a promise to do something that one is already obligated to do by law or by some other promise or agreement cannot be made consideration ...
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"Due by" means no later than that date. You can submit on any day before that date. But you should submit before the due date. "Due on" means you have to submit on the given date.
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“past due” denotes the money not paid in the immediate past. “overdue” denotes the money not paid for a long time. (generally, we talk of money when saying “due”. However, “due” can also indicate some pending actions, according to the situation.)
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Current liabilities are obligations due within one year or the normal operating cycle of the business, whichever is longer. These liabilities are generally paid with current assets. ... Non-current or long-term liabilities are debts of the business that are due beyond one year or the normal operating cycle of the business.
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Difference Between Duties and Responsibilities. Every one has come across the terms duty and responsibility. Duty is a moral commitment to something or someone, whereas responsibility is a condition of being responsible. ... In the case of duty, the person will be involved in activity without any self-interest.
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The essential difference is that the preterite tense is about actions that are fully completed and were done once at a specific time. Conversely, the imperfect tense is about actions that were repeatedly performed during a past period of time.
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Previous year is a period in respect of which a person has to pay tax. In income tax act the previous year is a period of 12 months beginning from April 1 to March 31. Assessment year is a 12 months period following the previous year during which the assessee has to file his return of income.
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12, 2015). Claim preclusion bars litigation of all issues that were or could have been litigated in the original action under the original claim, while issue preclusion resolves only those issues that were actually litigated.
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For consideration to be legally sufficient, it cannot be something that a party is already obligated to do, the party must perform an act not ordinarily obligated to perform, or refrain from doing something one has a legal right to do. We also learned that consideration must be bargained-for.
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Prior refers to something that came before which is very relevant to the event that came after. So prior to is more specific than the word before. Prior to is usually followed by a description of what came next. 'Prior to' the birth of her son for example.
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It also often distinguishes between new meeting topics and old business. The central difference is that old business involves discussion of existing activities or previously held events, while new business starts the conversation about an activity or event.
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A preapproval is a commitment to lend, subject only to identification of the property. All income, assets, and credit are verified. ... Incomplete preapproval requests are not reportable under HMDA.
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Prequalification tends to refer to less rigorous assessments, while a preapproval can require you share more personal and financial information with a creditor. As a result, an offer based on a prequalification may be less accurate or certain than an offer based on a preapproval.
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Pre-Existing Conditions. Under current law, health insurance companies can't refuse to cover you or charge you more just because you have a “pre-existing condition” — that is, a health problem you had before the date that new health coverage starts.
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What is the difference between exclusion, limitation, and exemption clauses? a) An exclusion clause is where the party to the contract seeks to exclude all liability for certain breaches of the contract. ... An exemption clause is the term used where either an exclusion or limitation clause has been upheld by the court.
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Generally, it is reasonable to go back 10 – 15 years in your work history. If you have a longer work history than that, you can divide your work history into two sections, "recent" and "relevant", or include a separate paragraph that summarizes all relevant prior experience.
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Extra work is understood to fall outside the scope of the contract, i.e. work that wasn't contemplated and requires an extra payment on the side of the client. Additional work, on the other hand, is generally understood to include work which is necessary to perform the contract.