Question: Match the term to the correct definition: Consideration The contract's purpose must accomplish some goal that is not illegal or against public policy. Contractual capacity
Match the term to the correct definition:
Consideration
The contract's purpose must accomplish some goal that is not illegal or against public policy.
Contractual capacity
Any promises made by the parties must be supported by legally sufficient value that is bargained for.
Legality
Includes an offer and acceptance. One party must offer to enter into a legal agreement, and another party must accept the terms of the offer.
Agreement
Both parties entering into the contract must be recognized by the law as possessing characteristics that qualify them as competent parties.
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