A(n)______ is something of value, such as money or the performance of an action not otherwise required, that is exchanged during the contract process.

Question

Quizplus · Accepted Answer

Consideration refers to something of value that is exchanged between parties in a contract, which can be money, goods, services, or a promise to perform or refrain from performing a certain action. It is a fundamental component of a valid contract.

A(n)______ Is Something of Value, Such as Money or the Performance