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.
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Answer:D.unending equal payments paid at equal time intervals
Explanation:
What is a perpetuity?
A perpetuity is a instance in which money is paid continuously for every equal time interval and this is payment is infinite.in
This cash flow occurs now up to forever
Although this is only theorical that the cash flow payment can go on forever but there are related examples which can be explained as perpetuity such as real estate and certain types of bonds.
In the UK for example there is government bond which is called Consol. Under Consol people with bonds get annual fixed coupons as long as they still have hold unto those bonds and if the government doesn't stop the Consol.
The real estate is also an example in which a person but property for the purpose of renting it out , people will keep paying the owner as long as the property is still there to rent out.
Answer:
A.) Nina studied as hard as she could to score 100 on her math test.
Explanation:
Nina 'sought' her textbook to study for her text.
The word 'sought' is the past participle of 'seek'.
She 'seeked' her textbook to study for her test.
The act is called emancipation. It is a push to get monetary and social rights, political rights or uniformity, regularly for a particularly disappointed gathering, or all the more by and large, in the exchange of such issues. Notwithstanding, comparative ideas might be alluded to by different terms. For example, in the United States, the Civil Rights Movement finished in the Civil Rights Act of 1964.