Consideration is defined as something of legal value given in exchange for termination of an offer.
Correct Answer:
Verified
Q26: Illusory promises require both parties to perform
Q35: Any contract entered into by a person
Q45: An option contract is terminated upon the
Q63: A person who has dealt with an
Q64: A preexisting duty is sufficient consideration to
Q65: The infancy doctrine gives adults the right
Q67: If an insane person who has not
Q68: A(n)_ is a response by an offeree
Q73: A counteroffer is considered a rejection of
Q74: A contract need not arise from a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents