Consideration in a Contract Entails ________

question 71

Multiple Choice

Consideration in a contract entails ________.

• A) evidence that both parties agree to the terms as offered
• B) a polite exchange of information
• C) the exchange of something of value between the parties to the contract
• D) none of the above

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Definitions:

Holographic Will

A will entirely handwritten and signed by the testator, often not witnessed, but recognized as valid in some jurisdictions.

Attested

Verified or certified as true, accurate, or genuine by a witness or authority.

Codicil

A formal document used to supplement or change an existing will.

Under Seal

A formal designation indicating that a document's execution has a legally recognized form, often offering a presumption of consideration.