To Constitute Consideration, There Must Be

question 38

Multiple Choice

To constitute consideration, there must be

• A)a payment.
• B)a performance.
• C)a bargained-for exchange.
• D)serious thought underlying each party's intent to contract.

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Definitions:

Validity

The extent to which a test or instrument measures what it claims to measure accurately.

Expensive

Something that requires a high cost or a large amount of resources to obtain.

Factor Analysis

A statistical technique used to identify underlying variables, or factors, that explain the pattern of correlations among various measures.

Woodworth Personality Data Sheet

One of the earliest self-report inventories developed to assess psychological traits, particularly in the context of soldiers during World War I.