The legal term used to describe the sacrifice that each party must experience in a mutual exchange is that party's legal:
A)detriment.
B)exchange.
C)accord.
D)release.

Question

Quizplus · Accepted Answer

The legal term used to describe the sacrifice that each party must experience in a mutual exchange is known as "legal detriment." This concept is a fundamental aspect of contract law and is essential for ensuring that contracts are enforceable. A legal detriment is essentially the giving up of something of value, such as money or property, in exchange for something else. This sacrifice is necessary to create a valid and binding contract. B, C, and D are not correct because they do not accurately describe this concept.

The Legal Term Used to Describe the Sacrifice That Each