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:

Compliance

The act of conforming to set rules, standards, or laws.

Influence Tactic

Strategies or approaches used by an individual or group to persuade or alter the behavior of others.

Negotiate

The process of discussing to reach an agreement or compromise between parties with differing needs, desires, or perspectives.

Resolve Conflicts

The process of finding a peaceful solution to a disagreement among parties, which can involve negotiating or mediating to find a mutually acceptable solution.