In Deciding Whether Consideration Necessary to Form a Contract Exists,a

question 50

Multiple Choice

In deciding whether consideration necessary to form a contract exists,a court must determine whether:

• A) the consideration given by each party is of roughly equal value.
• B) the consideration conforms to the subjective intent of the parties.
• C) the consideration has sufficient monetary value.
• D) there is mutuality of consideration.

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Definitions:

Ideological Reasoning

Thinking that is influenced by a specific set of beliefs or ideals, often related to political, economic, or social ideologies.

Benefits

Advantages or favorable effects brought by something or actions that improve a situation or a person’s condition.

Ideological Orientation

A set of beliefs, values, and attitudes that shapes an individual's or group's worldview and political stance.

Powerful People

Individuals who hold significant authority, influence, or control over others, often in a specific context or society.