To meet contractual legality,considerations must be ________.

Question

Quizplus · Accepted Answer

To meet contractual legality, considerations must involve a bargained-for exchange of promise for performance, where both parties must benefit from the agreement. This means that both parties must agree to do something or refrain from doing something in exchange for something else. This exchange must be written in the contract for it to be legally binding. Option A and B are incorrect because contractual legality requires mutually beneficial terms, not detrimental. Option C is only partially correct because the considerations must be not only mentioned but also agreed upon in the contract.

To Meet Contractual Legality,considerations Must Be ________