Question

Carl and Sadie, who are neighbors, got into a disagreement about early-morning noise on the weekends. The two came to an agreement: Carl promised to not mow the lawn before 10 a.m., and Sadie promised to put bark collars on her dogs in the early morning hours. Their promises represent the ______ in their agreement.

Answer 1

Answer: Bilateral contract

Explanation:

Answer 2

Answer:

Consideration            

Explanation:

Carl and Sadie, who are neighbors, got into a disagreement about early-morning noise on the weekends. The two came to an agreement: Carl promised to not mow the lawn before 10 a.m., and Sadie promised to put bark collars on her dogs in the early morning hours. Their promises represent the consideration in their agreement.  Consideration in an agreement or contract is what the parties to the agreement stand to benefit from entering into the agreement, it is the benefit that is bargained between the parties involved in the agreement.