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]
1 year 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]1 year 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
Mary's car just broke down, so she has to run the rest of the way to school and arrives 5 minutes late for her psychology exam.
Shtirlitz [24]

Answer:

perform badly on the exam.

Explanation:

According to the Arousal Theory of Motivation, it is said that each person has a specific level of arousal which is where they perform their best. We can assume that Mary's perfect level of arousal was before her car broke down. The run caused her to increase her level of arousal and the stress of the test will most likely increase this level even further. This being the case we can say that she will most likely perform badly on the exam.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
What is a communism government​
o-na [289]

<u>Answer:</u>

Communism (from Latin communis, 'common, universal') is a philosophical, social, political, economic ideology and movement whose ultimate goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social ...

<u>Explanation:</u>

*can i be the brainliest*

5 0
3 years ago
There are __________ members in the Congress.
lukranit [14]

Answer:

535

Explanation:

6 0
3 years ago
How many other EU member nations are in the same range
zhenek [66]

Answer:

hhhhhhhhhhhhhhhhhhhhh

Explanation:

jjjjjjjjjjjjjjjjjjjjjjjjj

8 0
3 years ago
Which of the following was caused by the poor water and sewage systems in most U.S. cities during the late 1800s?
rusak2 [61]

Answer:

This chapter provides a historical framework for consideration of today’s debates over privatization. Changes in policies and practices are never free of the inertia of history. Some of the key pressures for change today have resulted from past action (or inaction), and today’s practices have evolved from specific problem-solving histories.

Efforts to provide safe drinking water and wastewater disposal facilities date back to the origins of civilization (Rosen, 1993; Winslow, 1952). Ancient societies in Egypt, Mesopotamia, India, Pakistan, Crete, and Greece all sought to provide safe drinking water and safe means of human waste disposal. Water supply and wastewater collection reached a high point in the Roman Empire. The Dark Ages, however, witnessed a decline in the development and application of these practices.

As world population neared one billion during the Industrial Revolution in the late nineteenth century, cities and villages became more crowded. Public health concerns dictated that new ways had to be found to provide safe water supplies as well as provide means for safe disposal of sanitary wastes. Growth in the numbers and in the size of cities and increasing use of water in residential, commercial, and industrial enterprises led to increasing provision of public systems for water supply and wastewater systems. Although some research suggests that private water companies emerged during the Renaissance (Walker, 1968), private entrepreneurs initiated the provision of water supply services on a large scale during the nineteenth century in both Europe and the United States. By contrast, provision of sewers, along with streets and drainage facilities,

Explanation:

4 0
2 years ago
Other questions:
  • Which agency monitors the sale and registration of vehicles and vessels within the state?
    9·1 answer
  • What ocean is on the West Coast of the United States?
    12·1 answer
  • According to Taiaiake Alfred and Jeff Corntassel's Reflection article "Being Indigenous: Resurgences against Contemporary Coloni
    8·1 answer
  • What were groups of people who fought for the rights of workers called?
    9·1 answer
  • Surveys of the population to estimate the prevalence of a disease or exposure are which type of study?
    10·1 answer
  • Managers who engage in organizational politics
    13·1 answer
  • What two continents are joined in one large land mass
    15·2 answers
  • Why would countries import goods from other countries?
    5·1 answer
  • A geographic information system is information that is what?
    9·1 answer
  • Rogers held that positive and negative evaluations by others cause a child to develop internal standards of evaluation, which he
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!