Asked by
Cossi Adjovi
on Nov 21, 2024
Verified
Which of the following is true of consideration?
A) Consideration is not required in bilateral contracts
B) Consideration is not required in unilateral contracts
C) Consideration is required in all contracts
D) Consideration is never required
E) Consideration is valid only if it is part of an equal exchange
Consideration
In a contractual agreement, it is the value or promise that each party agrees to exchange.
- Comprehend the principle of consideration within the realm of contract law and its significance in forming legally binding agreements.
Verified Answer
LO
Learning Objectives
- Comprehend the principle of consideration within the realm of contract law and its significance in forming legally binding agreements.