Examlex
Directions: Choose the best answer based on the information you read in Chapter 15. Which sentence has all words correctly capitalized?
"The Answer"
Often used metaphorically to denote a solution or response that resolves a question or problem comprehensively.
Consideration
Something of value that is exchanged between parties in a contract, making it legally binding.
Illusory Promise
A situation in which a party appears to commit to something but really has not committed to anything. It is not a promise and thus not consideration.
Valid Consideration
Valid consideration in a contract represents something of value that is given by all parties involved, serving as the reason or inducement to enter into the contract.
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