The Promises Exchanged by the Parties to a Contract, Either

Multiple Choice

The promises exchanged by the parties to a contract, either to give up something of value they have a legal right to keep, such as money or property; to do something they are not otherwise legally required to do, such as performing a service; or to refrain from an action is known as:

A) competence of parties.
B) offer and acceptance.
C) mutual agreement.
D) consideration.