Question

Consideration or "bargained for exchange;" all parties must ______________ something of value

Option 1: Receive
Option 2: Offer
Option 3: Reject
Option 4: Demand

Answer 1

Consideration, or "bargained for exchange," in a contract requires all parties to offer something of value.

Step-by-step explanation:

Consideration, or "bargained for exchange," in a contract requires all parties to offer something of value. This means that each party must provide something in exchange for what they are receiving. For example, in a business transaction, one party may offer money in exchange for goods or services from another party.