The reward received by a party in a contract agreement is...
The reward received by a party in a contract agreement is known as
consideration
acceptance
offer
warranty
Correct answer is A
Consideration is a vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract. payment or money.
Use the document below to answer question Okon Etim Esin is the? ...
Assets of a business which cannot easily be changed into cash are known as ...
Another name for shares, stocks and debentures traded in the stock exchange is? ...
A holding company assumes control of its subsidiaries through? ...
An agent with authority to bind his principal in everything, provided he acts lawfully is called ...
Which of the following is not used by the Central Bank to restrict lending by commercial banks? ...
The total indebtedness of a business is the same as its ...
Key industries and those requiring huge capital are usually established as ...
The affairs of the co-operative society are in the hands of the ...
An agreement to deliver goods in the future after payment of the final installment is known as? ...