The formation of sales and lease contracts requires consideration.

Name: The formation of sales and lease contracts requires consideration.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consideration is one of the essential elements required for the formation of a valid sales or lease contract. It refers to the benefit or value that each party gives or receives in the transaction. Without consideration, the contract may be considered invalid or unenforceable.

The Formation of Sales and Lease Contracts Requires Consideration