Consideration is defined as ________.
A)being cordial in the negotiation of contracts
B)refraining from unethical behavior in the negotiation of contracts
C)being both cordial and refraining from unethical behavior in the negotiation of contracts
D)a bargained-for exchange
E)a contract negotiated in person rather than by telephone or e-mail

Question

Quizplus · Accepted Answer

Consideration is defined as the bargained-for exchange.Another way to think of consideration is that it is what each party gets in exchange for his or her promise under the contract.

Consideration Is Defined as ________