Consideration

Question 1

Consideration in contract example (2)

Answer 1

Date to finish job

Compensation

Question 2

If there is no consideration, there is no _

Answer 2

Contract

Question 3

If you buy Apple, Apple is your consideration and _ is merchants consideration

Answer 3

Money

Question 4

Each party’s consideration must be _

Answer 4

Equivalent in value

Question 5

Without consideration, contract is not legally binding and cannot _

Answer 5

Be enforced in court

Question 6

Forbearance means, one party agrees to refrain from exercising a legal right such as _

Answer 6

Pursuing lawsuit

Question 7

Refrain from pursuing lawsuit in exchange for _

Answer 7

Something of value

(Forbearance)