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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North, because it’s the answer
Answer:
This statement is <u>true</u>.
Explanation:
Inductive argument is based on observation and experimentation, that is why it is important for a sample to be representative.
This critera is valid in scientific research, in which inductive reasoning is used.
Answer: Meta analysis.
Explanation: Dr. Robert's would find a meta analysis most appropriate for his needs. Meta analysis can be used when there are multiple scientific studies aimed at addressing or solving a particular problem. Results of meta analysis seems to be more precise than outcomes of individual studies conducted to solve similar problem, due to the fact that meta analysis employs statistical techniques to derive an output or result based on the weighted average or mean of each individual study, hence reducing the statistical error and improving precision. Meta analysis are often more tedious as they may require multiple data from different sources thus yielding a complex analysis.
