Examlex

Solved

Select the Letter of the Correct Answer for Each of the Following

question 13

Multiple Choice

Select the letter of the correct answer for each of the following question(s) . Failing to give proper credit to an author whose words or ideas you have used is called


Definitions:

Consideration

Something of value exchanged by the parties involved in a contract, making the agreement legally binding.

Accepted Offer

An offer that has been agreed upon by all parties involved, leading to the formation of a contract.

Preexisting Duty

An obligation that a party is already legally bound to fulfill, which cannot serve as consideration for a new contract.

Bilateral Contract

An agreement between two parties where each promises to perform an act in exchange for the other's performance.

Related Questions