Multiple choice

Obligation is:

  1. A reply to a proposed agreement for change

  2. A change to an offer

  3. Things each party promises to do for consideration

  4. Final agreement that negotiations are done
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An obligation in a contract refers to the legal duty or promise that a party is bound to perform. These promises form the basis of the consideration exchanged between the parties to make the contract binding.

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