The Purpose of Requiring Consideration Is to Demonstrate That a Bargain

question 49

True/False

The purpose of requiring consideration is to demonstrate that a bargain has been struck between the parties to the contract.

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Definitions:

Wage Rate

The amount of compensation a worker receives per unit of time or per task completed.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.

U.S. Population

The total number of people living in the United States, including all citizens, residents, and immigrants.

Poverty

A situation in which people or groups do not have enough money and basic necessities to meet the bare minimum living standards.