Asked by
Isaac Muhoro
on Nov 29, 2024Verified
"Consideration" requires an actual benefit to both sides of an agreement.
Actual Benefit
A term referring to the real, tangible advantages or gains received from a particular action, agreement, or situation.
Consideration
In contract law, a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract.
- Absorb the key ideas and legal rules regarding consideration in the context of contractual law.
Verified Answer
SV
Learning Objectives
- Absorb the key ideas and legal rules regarding consideration in the context of contractual law.
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