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Monday, 16 December 2019
Agent Resource Center
Agent Resource Center

Question - One of the necessary elements of a contract is consideration. Which of the following would be consideration?

Question of the Day
Posted On Monday, 12 August 2019 05:00

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(A) Money

(B) Promise

(C) Service

(D) All of the above

 

Answer:  (D) Consideration, in the legal context, is basically an inducement to the contract; any of the three given choices may be offered or accepted as legal consideration for the contract.

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