1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
postnew [5]
2 years ago
8

Which element of a valid contract requires both sides to obtain something of value and to give up something of value?

Social Studies
1 answer:
Elza [17]2 years ago
4 0

A valid contract must have consideration, which calls for both parties to receive something of value and give up something of value. Therefore, <u>consideration </u>is the correct answer.

<h3>Why is consideration an important element of a contract?</h3>

A contract's consideration clause explains why each party is participating in the agreement, making it one of the most crucial elements.

Consideration can be the exchange of goods or services for cash, as well as the trading of one kind of good for another. The parties must exchange something of value in order to make a contract that is enforceable in court.

"Consideration" is the name given to this variable. One of the three essential elements needed to create a contract is a consideration.

Consideration is sometimes described as the fee charged by one party in exchange for a promise made by the other. Only when all parties are involved in an agreement binding in court.

Only when both parties are required to provide something and receive something is an agreement considered legally enforceable.

Therefore, consideration is one of the most crucial components of a legal contract.

Check out the link below to learn more about contract consideration;

brainly.com/question/17179342

#SPJ4

You might be interested in
Susan just received a 25% raise and her economy is great. On Election Day, she votes for every incumbent on the ballot, because
snow_tiger [21]

Answer:

Pocket book

Explanation:

Pockerbook votes can be define as vote that help someone financially as in the case of Susan's were she voted for every incumbent on the ballot because of the financial gain she received.

Susan has the believe that all her candidates will benefit her financially in term of money since she had already received 25% raise .

7 0
3 years ago
Please help best answer gets brainliest.
Burka [1]

Answer:

North

Explanation:

I believe that you would have to travel north in order to get from the Kalahari Desert to the Amhara Plateau

Hope this helps and peace and love

3 0
3 years ago
Read 2 more answers
In break-even analysis, what is the break-even point? A. the quantity where revenue equals variable cost B. the quantity beyond
pochemuha

Answer: Option E

Explanation: In simple words, break even point refers to that level of production and sales at which the total cost incurred and the revenue earned by a firm is equal. In other words, it can be understood as no profit no loss situation.

It is computed by dividing the contribution proportion in the sales from the fixed cost that are to be incurred.

Hence from the above we can conclude that the correct option is E.

6 0
3 years ago
List of Grievances:
andrew11 [14]

Answer:

Correct answer is c . rebel.

Explanation:

Correct answers is C because colonies were already in the mutiny against Britain when Declaration was signed, and they wanted to finally express their willingness to separate from Britain.

A and B are not correct as this is something that they asked before Revolution, as they were asking for representation in the PARLIAMENT, and even started to boycott the British goods.

D is not correct as the last plea for this was sent in 1774 with the Olive Branch Petition.

6 0
3 years ago
Instinct approach theorists believe that ______________. there is a connection between internal physiological states and outward
shtirl [24]

The correct answer is the second mentioned choice above in which the instinct for territorial protection may be related to aggressive behavior. It is because the instinct approach is defined as a way of individual’s instinct is to be reproduced is through the instinct for territorial and as well as sexual behavior in which the protection are to be associated with the individual’s aggressive behavior.

3 0
3 years ago
Other questions:
  • The supreme court has ruled that classifications based on gender are subject to a lower level of scrutiny than classifications b
    13·1 answer
  • Olivia, a new supervisor, is creating a template for a supervisory contract she can use with supervisees. In the contract, she s
    15·1 answer
  • 12. The government of a country must make a decision between increasing
    12·1 answer
  • A client has presented to the emergency department after he twisted his ankle while playing soccer. Which assessment findings ar
    9·1 answer
  • A friendship _____ is considered an association with a single "best friend."
    5·1 answer
  • A work breakdown structure typically is developed in which project management process group? a) Planning. b) Directing and manag
    15·1 answer
  • An electronic store advertises that customers can buy a specific cell phone for half its original price. When customers are draw
    12·1 answer
  • List and explain four new methods or inventions in agriculture in this era.
    13·2 answers
  • Which measure of memory retention is the most useful for assessing the strength of an implicit memory?
    14·2 answers
  • Which economic activity brought the first Americans to the West
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!