Examlex
Which of the following is most closely related to the concept of implied powers?
Consideration
A fundamental component in contract law that involves something of value exchanged between parties, which is necessary for a contract to be legally binding.
Binding
Describes an agreement or legal decision that is enforceable by law, meaning parties are legally obligated to comply with the terms.
Consideration
The benefit which must be bargained for between the parties and is the essential reason for a party entering into a contract.
Exchange Of Money
The act of giving one form of currency in return for another, which can occur in financial transactions, currency exchange, or the purchase of goods and services.
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