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In analyzing contract modifications within the context of the pre-existing legal duty rule, it's important to recognize the foundational elements of a traditional enforceable contract, which includes offer, acceptance, and consideration. The tutorial emphasizes that these three components form the basis of a valid contract. Having established that a contract can be validly formed, the focus shifts to situations where parties seek to modify an existing contract. Understanding how modifications are treated under contract law, particularly concerning consideration, is crucial for evaluating their enforceability and legality. This aspect is essential for addressing contract modification issues effectively.
