In the Context of Contract Law,which of the Following Best

question 33

Multiple Choice

In the context of contract law,which of the following best describes the element of 'consideration'?

• A)Something of value passing from one party to another in return for a promise to do something.
• B)An offer by one party and an acceptance by the other.
• C)The parties must intend that their promises create legally enforceable obligations.
• D)All of the above.

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Definitions:

Specialty Products

Specialty products are goods or services that have unique characteristics and are significant to buyers, who therefore often spend considerable time and effort in making purchase decisions.

R&D Team

A group of specialists working on research and development tasked with innovating and creating new products or improving existing ones.

Nationwide

Pertaining to or covering all or most parts of a country.