Pavers Inc. contracts with a QuikStop store to repave the store's parking lot for a certain price. To be enforceable, this contract must include an element of
A)consideration.
B)acceptability.
C)achievability.
D)practicality.

Question

Quizplus · Accepted Answer

Consideration is a fundamental element of a contract, referring to something of value that is exchanged between the parties involved. It is what each party gives up to gain the benefits of the contract. In this case, Pavers Inc. would provide the service of repaving the parking lot, and QuikStop would provide payment in return.