Consideration is defined as a bargained-for exchange of promises in which a legal detriment is suffered by the promisee.

Name: Consideration is defined as a bargained-for exchange of promises in which a legal detriment is suffered by the promisee.
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

Consideration is indeed defined as a bargained-for exchange of promises in which a legal detriment is suffered by the promisee. This means that both parties must give something up or make a sacrifice in order for the contract to be legally binding.

Consideration Is Defined as a Bargained-For Exchange of Promises in Which