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(a) In relation to the law of contract, define and explain consideration. (3 marks)(b) Exp

(a) In relation to the law of contract, define and explain consideration. (3 marks)

(b) Explain the following statements regarding consideration:

(i) consideration must be sufficient but does not have to be adequate; (3 marks)

(ii) past consideration is not good consideration. (4 marks)

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