Providing accounting services is "something of legally sufficient value."

Name: Providing accounting services is "something of legally sufficient value."
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the context of contract law, "something of legally sufficient value" refers to consideration, which can be a service, goods, money, or an act. Providing accounting services qualifies as consideration because it is a valuable service exchanged in a contractual agreement.

Providing Accounting Services Is "Something of Legally Sufficient Value