A contract requires more than a bare promise on each side. What each party must give, making the promise binding, is:
AConversation
BConcentration
CCondensation
DConsideration
Answer & Solution
Correct answer: D. Consideration
1. Each side must be giving something up.
2. That mutual exchange is what the law looks for.
3. It is consideration.
_Source: OpenStax Business Law I Essentials 2e, Chapters 7 and 8, Contract Law and Sales Contracts._
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