Question: While the word consideration in the regular world means thoughtfulness, in contract law consideration means each party gives the other something of value - -

While the word "consideration" in the regular world means "thoughtfulness," in contract law consideration means each party gives the other something of value -- which can be an act, or agreement not to do something you have the right to do, or a promise to deliver either a benefit or to forbear.Question 22 options:TrueFalse

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!