A valid contract needs consideration flowing to both parties.

Name: A valid contract needs consideration flowing to both parties.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Consideration is an essential element of a valid and enforceable contract. It refers to something of value given by one party in exchange for something of value given by the other party. Both parties must benefit from the contract, and consideration must flow in both directions for a contract to be valid.

A Valid Contract Needs Consideration Flowing to Both Parties