The fact that the word consideration is used in an agreement means, by itself, that consideration has been given.

Name: The fact that the word consideration is used in an agreement means, by itself, that consideration has been given.
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Question

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The mere use of the word "consideration" in an agreement does not guarantee that consideration, which is a necessary element for a contract to be enforceable, has actually been provided. Consideration must involve a mutual exchange of value between the parties.

The Fact That the Word Consideration Is Used in an Agreement