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Isaac Muhoro
on Nov 29, 2024

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"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.
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