Ask Question
26 July, 05:29

Which contract term refers to an exchange of value between parties?

+4
Answers (1)
  1. 26 July, 05:30
    0
    Consideration is the contract term that refers to an exchange of value between parties. It is very important to write down the terms of a contract to avoid confusion. Consideration is one of the four elements, together with terms of the Contract, Capacity and Legality of a valid contract. It includes duties, sufficiency and adequacy and part payment of a debt.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which contract term refers to an exchange of value between parties? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers