A valid contract must contain (_____) promises - one party promises to do something in exchange for a promise to do something made by the other party.
A) mutual
B) shared
C) defined
D) reciprocal

Question

Quizplus · Accepted Answer

A valid contract must contain reciprocal promises, meaning that both parties must promise to do something in exchange for each other's promise. This is also known as consideration, which is a necessary component of a legally enforceable contract. Mutual, shared, and defined are not necessarily the most accurate terms to describe the requirement for reciprocal promises.

A Valid Contract Must Contain (_____) Promises - One Party