Multiple choice

Each party in a valid contract must be giving up something

  1. acceptance

  2. consideration

  3. benefit

  4. adhesion

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Consideration is the legal value, benefit, or detriment bargained for and exchanged between parties in a contract. For a contract to be valid, both parties must incur a legal detriment by giving up something of value or promising to do something they are not otherwise obligated to do.