In a law of contract, what is given in exchange for a promise to perform is____________
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Correct Answer: Option D
Explanation:
Consideration is something of value given in exchange for a promise. It is an important element of a valid contract because it represents the price paid for the promise made by the other party.
Consideration is something of value given in exchange for a promise. It is an important element of a valid contract because it represents the price paid for the promise made by the other party.