Legal value,bargained for and given in exchange for an act or promise is called ____.
A) compensation
B) obligation
C) consideration
D) forbearance
Correct Answer:
Verified
Q3: When a promisee agrees not to do
Q4: If Guss agrees to sell his house
Q7: A promisee's consideration must be another promise
Q8: Which of the following statements is true
Q9: Legal value depends on the adequacy of
Q9: As a general rule,a promise to discharge
Q10: As a general rule,performing a preexisting duty
Q11: Under the UCC,cashing a "payment in full"
Q13: Courts grant equitable remedies to those who
Q16: Freedom of contract includes the freedom to
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