Consideration in a Contract Entails ___________

question 64

Multiple Choice

Consideration in a contract entails ___________.

• A) evidence that both parties agree to the terms as offered
• B) a polite exchange of information
• C) the exchange of something of value between the parties to the contract
• D) none of these

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Definitions:

Tax

A financial charge or levy imposed by a government on individuals or entities to fund public expenditure.

Excise Tax

A tax imposed on specific goods or services, such as tobacco, alcohol, and gasoline, typically intended to discourage their consumption or generate revenue.

Fried Twinkies

A dessert made by deep-frying a Twinkie, often resulting in a crispy exterior and soft, warm interior.

Consumers

Individuals or groups who purchase goods or services for personal use and not for manufacturing or resale.