Which of the following is a definition for consideration?
A)Being cordial in the negotiation of contracts.
B)The bargained-for exchange.
C)A contract negotiated in person as opposed to by telephone or e-mail.
D)Being cordial and refraining from unethical behavior in the negotiation of contracts.
E)Refraining from unethical behavior in the negotiation of contracts.

Question

Quizplus · Accepted Answer

A)Consideration is the bargained-for exchange or what each party gets in exchange
for his or her promise under the contract.
B)Consideration is the bargained-for exchange or what each party gets in exchange for his or her promise under the contract.
C)Consideration is the bargained-for exchange or what each party gets in exchange for his or her promise under the contract.
D)Consideration is the bargained-for exchange or what each party gets in exchange for his or her promise under the contract.
E)Consideration is the bargained-for exchange or what each party gets in exchange for his or her promise under the contract.

Which of the Following Is a Definition for Consideration