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Match the Following

question 66

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Bargains with suppliers for the best deal


Definitions:

Legally Sufficient Consideration

An element of contract law that requires something of value to be exchanged between the parties involved.

Consideration

Something of value (such as money, services, or goods) that is exchanged between parties in a contract, rendering the agreement legally binding.

Legally Sufficient Consideration

In contract law, it refers to something of value that is exchanged between the parties, supporting a binding agreement.

Forbearance

The act of refraining from exercising a legal right; an agreement between a lender and a borrower in which the lender agrees to temporarily cease requiring mortgage payments, to delay foreclosure, or to accept smaller payments than previously scheduled.

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