Under the __________approach,consideration is defined as a benefit received by the promisor or a detriment incurred by the promisee.

Question

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Under the benefit-detriment approach, consideration is defined as a benefit received by the promisor or a detriment incurred by the promisee. Option A, pro-con, is not a recognized approach to consideration. Option B, I win, you lose, is not a valid approach to consideration as it suggests an unfair exchange. Option C, gain-loss approach, is not a recognized approach to consideration.

Under the __________Approach,consideration Is Defined as a Benefit Received by the Promisor