Examlex
You have collected data on the approximate retail price (in $) and the energy cost per year (in $) of 15 refrigerators.Which of the following is the best for presenting the data?
Exchanged Promise
An agreement where two parties make reciprocal promises to perform certain actions or obligations.
Consideration
Consideration is something of value exchanged between parties in a contract that makes the agreement legally binding.
Ethical Obligation
A moral responsibility to act in accordance with ethical principles.
Firm Offer
A legal concept in contract law where an offeror is bound to keep an offer open for a specified period, making it irrevocable even without consideration.
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