Figure 1.2 Using the Figure Above, Identify the Labeled Part

question 138

Short Answer

Figure 1.2

Using the figure above, identify the labeled part.
-Label P: ______________________________

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Definitions:

Express Contract

A contract in which both parties accept mutual obligations through either oral discussion or written communication.

Web Page

A document on the World Wide Web that can contain text, images, links, and multimedia content, accessible through a web browser.

Mutual Assent

Mutual assent is a principle in contract law that states an agreement must involve a clear offer and acceptance between parties to be legally binding.

Consideration

In contract law, it refers to something of value exchanged between parties as part of a contract, required for the agreement to be legally binding.