Examlex

Solved

Which of the Following Is Not One of the Three

question 30

Multiple Choice

Which of the following is not one of the three principal sources or distributions of financial resources in a divorce settlement?


Definitions:

Consideration

The exchange of something of value in return for the promise or service of another party, a fundamental component of a valid contract.

Promise

A declaration or assurance by one party to another that a particular action or condition will occur or be met, potentially forming the basis of a contractual obligation.

Consideration

Something of value that is promised, given, or done that persuades a party to enter into a contract, making the contract legally enforceable.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Related Questions