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Which of the following is the legal term for the bargain occurring when one party gives something up and another party receives something in Offer Counterotfer Consideration Negotiation

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Marco maestro · Tutor durante 5 años
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Respuesta

The correct answer is C. Consideration.Consideration is the legal term for the bargain that occurs when one party gives something up and another party receives something in return. It is a fundamental element of a contract, as it represents the value that each party is exchanging in the agreement. Consideration can take various forms, such as money, goods, services, or even a promise to do or refrain from doing something. The key aspect of consideration is that it is something of value that is exchanged between the parties, which induces them to enter into the contract.