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  • Economic Decisions and Systems Online Test
  • Something of measurable value is called
Multiple choice

Something of measurable value is called 

  1. None

  2. Considerable Asset

  3. Collateral

  4. Consideration

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

In contract law, consideration is the value exchanged between parties, such as money, goods, or services. It is a necessary element to make a contract legally binding.

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