_____ takes place when the offeree incurs a legal detriment in response to the offeror's offer.

Question

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Consideration is the exchange of something of value in a contract, and it takes place when the offeree incurs a legal detriment in response to the offeror's offer. A legal detriment can be anything that has value, such as money or property, or any action that the offeree agrees to do, such as providing a service or refraining from an action. Acceptance is the agreement to the offer and can also involve consideration. Rejection is the refusal of the offer. Anticipatory breach is when one party indicates in advance that they will not fulfill their contractual obligations. None of these options describe the exchange of something of value in response to an offer, which is the definition of consideration.

_____ Takes Place When the Offeree Incurs a Legal Detriment