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:

Eyewitness Identification

A process in criminal justice systems where victims or witnesses identify suspects through line-ups, photo arrays, or show-ups.

Recognition

The identification of a thing or person from previous encounters or knowledge.

Algorithm

A step-by-step procedure or formula for solving a problem.

Sunk Cost Effect

The phenomenon where a person is more likely to continue an endeavor once an investment in money, effort, or time has been made.