Which of the following best explains the requirement that "contracts must be supported by mutual consideration"?
A) There must always be at least two parties to a contract.
B) Contracts require that the parties treat each other fairly.
C) A contract involves a bargain or exchange between the parties.
D) Contracts must be in writing to be enforceable.

Question

Quizplus · Accepted Answer

Mutual consideration means that each party to a contract must provide something of value in exchange for something else of value, indicating a bargain or exchange.

Which of the Following Best Explains the Requirement That "Contracts