Answered

Get the information you need from a community of experts on IDNLearn.com. Get comprehensive answers to all your questions from our network of experienced experts.

In contract law, the term consideration refers to the serious thought that underlies a party's intent to enter into a contract.

True or False?

Sagot :

Tarabhattarai197708idn

Answer:

In contract law, the term consideration refers to the serious thought that underlies a party's intent to enter into a contract. To be legally sufficient, consideration must be evidenced by something tangible. The element of bargained-for exchange distinguishes contracts from gifts.

Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. IDNLearn.com is your go-to source for accurate answers. Thanks for stopping by, and come back for more helpful information.