A promise is something of legal value given in exchange of a consideration.

Name: A promise is something of legal value given in exchange of a consideration.
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Question

Quizplus · Accepted Answer

A promise is a declaration or assurance that one will do something or that a particular thing will happen. Consideration, which is something of legal value given in exchange, is a separate element required to form a binding contract, not the promise itself.

A Promise Is Something of Legal Value Given in Exchange