________ is defined as something of legal value given in exchange for a promise.

Name: ________ is defined as something of legal value given in exchange for a promise.
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Consideration is a core concept in contract law, referring to something of value which is given by both parties to a contract to each other as the agreed price for the other's promises. This can be in the form of a service, money, an object, or a promise to refrain from doing something.

________ Is Defined as Something of Legal Value Given in Exchange