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The Mansfield Public Library has a large number of books that anyone with a library card may borrow. Anyone can obtain a card for free. Because the number of copies of each book is limited, not everyone can have the same book at the same time. What type of good would the library books be classified as in this case?
Outward Manifestations
Refers to the actions or expressions by parties in a contract that show their intention to enter into the agreement.
Contract Law
The branch of law dealing with the formation, performance, and enforcement of agreements between parties.
Consideration
Something of value exchanged between parties in a contract, making the agreement legal and binding.
Bargained-For Exchange
An element of contracts where both parties agree to provide something of value to the other.
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