menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Legal Environment of Business
  4. Exam
    Exam 9: Formation and Requirements of Contracts
  5. Question
    ________ Is Defined as Something of Legal Value Given in Exchange
Solved

________ Is Defined as Something of Legal Value Given in Exchange

Question 88

Question 88

Short Answer

________ is defined as something of legal value given in exchange for a promise.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q39: Illusory promises require both parties to perform

Q54: A(n) _ is a contractual provision that

Q62: Explain the basic requirements that must be

Q79: An act of performance is necessary to

Q84: A contract is a(n)_ contract if the

Q85: While Harry was intoxicated,he sold his car

Q89: Unless otherwise expressly stated,an auction is considered

Q90: A preexisting duty is sufficient consideration to

Q91: The _ rule states that the offeree

Q93: Give an account of termination of an

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines