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Consideration Is Defined as Something of Value or Something Bargained

Question 493

Multiple Choice

Consideration is defined as something of value or something bargained for in exchange for a promise. Normally, if consideration is absent:


A) only the offeree may enforce the promise
B) only the offeror may enforce the promise
C) either party may enforce the promise
D) the value of the exchange fails to meet the "market value" test
E) none of the other choices

Correct Answer:

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