Answered

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Which of the following represents the MOST accurate contractual definition of "consideration"?

A. Something perceived as valuable by at least one party to the contract
B. Earnest money
C. Something that both parties to the contract perceive as valuable
D. Something valuable that each party exchanges in order to demonstrate that they agree to the contract's terms

Sagot :

GinnyAnswer

Final answer:

Consideration in a contract is something valuable that each party exchanges to show agreement to the contract's terms.


Explanation:

Consideration in a contract is something valuable that each party exchanges to show agreement to the contract's terms. It must be perceived as valuable by at least one party, not necessarily both. As per contract law, both parties must exchange something of value to create a legally binding contract.


Learn more about Contract law here:

https://brainly.com/question/39413619


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