Multiple Choice
Consideration, an element of contractformation, requires that both parties
A) Think about the terms of the contract.
B) Exchange something of legal value.
C) Enter into the agreement in good-faith.
D) Do not act against public policy.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q39: A revocation is effective<br>A) Once placed in
Q40: Stahlhut Corporation's human resource department sends a
Q41: All of the following are required for
Q42: Ed writes Gwen a letter and offers
Q43: Herb offers to sell Ron a cow
Q44: According to the mailbox rule, an acceptance
Q45: When determining if an offer exists, the
Q46: Kiiko offers to sell her dog to
Q47: Paris offers to sell her landscaping business
Q49: Consideration requires the parties to exchange items