What Is Necessary for Consideration to Be Valid

question 86

Multiple Choice

What is necessary for consideration to be valid?

• A)Consideration must be part of an equal exchange.
• B)Consideration must be money
• C)Consideration must involve performance in exchange for a promise.
• D)Consideration must involve a mutual exchange of promises
• E)Consideration must be the product of a bargained for exchange.

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Definitions:

Asset Management

The process of developing, operating, maintaining, and selling assets in a cost-effective manner, often referring to managing investment portfolios.

S&P 500 Companies

Companies listed on the Standard & Poor's 500 index, representing 500 of the largest U.S. publicly traded corporations.

Top-Down Analysis

An investment analysis approach that starts with the broader economy before drilling down to sector and individual company analysis.