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Subjects>Social Studies>Philosophy

What is consindation?

Updated: 5/1/2024

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∙ 13y ago

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"Consideration" in legal terms refers to something of value exchanged between parties in a contract. It can be money, services, promises, or anything else that has been agreed upon by both parties. Consideration is essential for a contract to be legally binding.

∙ 14h ago

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