Something of Value That Is Exchanged as Part of an Agreement

question 29

Multiple Choice

Something of value that is exchanged as part of an agreement is called

• A) mutual assent.
• B) consideration.
• C) capacity.
• D) legal purpose.

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Definitions:

Complaint

A formal statement expressing dissatisfaction or alleging a wrong done, often leading to legal action to seek remedy or resolution.

Relief

Relief in a legal context refers to the remedy or compensation sought by a plaintiff or granted by a court to redress a legal wrong or enforce a right.

Discovery

A phase in the litigation process during which the opposing parties may obtain information from each other and from third parties prior to trial.

Summons

A document informing a defendant that a legal action has been commenced against him or her and that the defendant must appear in court on a certain date to answer the plaintiff’s complaint. The document is delivered by a sheriff or any other person so authorized.