Examlex
The price elasticity of demand for a textbook is estimated to be 1 no matter what the price or quantity demanded.In this case:
Consideration
In contract law, something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Valid Consideration
A component of contract law that ensures all parties involved agree to give or do something of value in exchange for a benefit.
Bilateral Contract
A promise exchanged for a promise.
Consideration
In contract law, the value (which could be an action, object, or service) that is exchanged between parties entering into a contract.
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