One of the Requirements in a Contract Is That There

question 22

Essay

One of the requirements in a contract is that there must be an exchange of consideration between the parties.Explain what is meant by consideration.

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Definitions:

Standard Deviation

A statistic that quantifies the amount of variation or dispersion of a set of data values, typically used to measure how spread out the numbers in a data set are.

Slope

A measure of the steepness, incline, or grade of a line, indicating the ratio of the vertical change to the horizontal change between two points on the line.

90th Percentile

A value below which 90% of the data points in a dataset fall.

Yearly Donations

The total sum of money given by donors to an organization within a year.