Consideration Is Defined as Something of Value or Something Bargained

question 9

Multiple Choice

Consideration is defined as something of value or something bargained for in exchange for a promise. Normally, if consideration is absent:

• A) only the offeree may enforce the promise
• B) only the offeror may enforce the promise
• C) either party may enforce the promise
• D) neither party may enforce the promise
• E) none of the other choices

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Definitions:

Experiential Intelligence

Refers to the ability to adapt to new situations and effectively apply knowledge gained from experience.

Contextual Intelligence

The ability to understand the limits of our knowledge and to adapt that knowledge to an environment different from the one in which it was developed.

Adapt

To adapt means to adjust or change to suit new conditions or environments, showing flexibility in behavior or processes.

Obstacles

Any item, thing, factor, or situation that hinders progress.