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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Cyclically balanced budget philosophies advocates allowing deficits during recessions that are offset by surpluses during expansions.
b.Cyclically balanced budget
<u>Explanation:</u>
This is called a spending philosophy which provides stabilization in the business cycle. Under this philosophy, during the recession period, deficit spending is allowed and also a surplus in an inflationary period.
It is the budget that does not require to be balanced year to year due to so many fluctuations. But it is balanced in an economic cycle. Under this government runs the surplus in the period of boom and running of deficit in the period of lean.
Sometimes under this, the cyclic deficit is incurred due to ups and downs in the business cycle. This is the most rigid method of balancing the budget in the business cycle. The practice of this philosophy is more dependent on good times matching along with the bad times.
The Islamic Republic of Iran is different from the United States' form of a republic because religious leaders have a stronghold in the government in Iran. Iran is an Islamic theocracy where a Supreme Leader has political role over the system and the clerics are assigned in every major function of the state.
The answer is letter B.
Most importantly, religions provide the essential sources and scales of dignity and responsibility, shame and respect, restraint and regret, restitution and reconciliation that a human rights regime needs to survive and flourish in any culture. In the human rights mission, religion has played its part right from the start in two ways. First, freedom of worship (or non worship) is one of the fundamental human freedoms. ... Secondly, religion, with all that belongs to it, i.e. beliefs as well as institutions, also falls under the universal norms.
Answer:
C. The symbolic thinking of children in this stage is limited.
Explanation:
Jean Piaget was a Swiss physiologist who is well known for his theory of cognitive development which is divided into four developmental stages and the second stage among them is the Pre-operational stage. It is the second stage in which children between the age of approx two and seven years make understanding of the world around them.
At this stage, children start to think in images and symbols but they cannot understand the concrete logic behind it. At this stage, they start to indulge in role-playing and pretending. However, ego-centrism resists them to accept the viewpoint of others.