Asked by
Leeah Thompson
on Nov 27, 2024
Verified
Consideration refers to the objective determination of how much a bargain is worth.
Objective Determination
A decision made based on unbiased evidence and facts, without influence from personal feelings or opinions.
Consideration
An essential element in contract law, referring to something of value exchanged between parties as part of an agreement.
- Acquire an understanding of the theory and relevance of consideration in contract law.
Verified Answer
BL
Learning Objectives
- Acquire an understanding of the theory and relevance of consideration in contract law.
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