In the Context of Contract Law, 'Consideration' Is Defined As

question 22

Multiple Choice

In the context of contract law, 'consideration' is defined as:

• A) The act of considering the terms of a contract before agreeing to them.
• B) The monetary value of the contract.
• C) A sum paid by one party for the other party's offer.
• D) The price paid by each party for the other party's promise or performance.

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Definitions:

Communication Research

The examination of the ways in which individuals create meanings through the use of messages in different contexts, through various channels, and across multiple media.

American Psychological Association

A professional organization representing psychologists in the United States, responsible for promoting psychological science and practice.

Communication Research

The study of processes, methods, and effects of communication in various contexts, including interpersonal, group, media, and organizational communication.