Asked by Johnny Gomez on Jul 27, 2024
Verified
As mentioned in the case in the text,Steinberg v.U.S. ,in deciding whether consideration to form a contract exists,a court must determine whether:
A) the consideration given by each party is of roughly equal value.
B) the consideration conforms to the subjective intent of the parties.
C) the consideration has sufficient monetary value.
D) the benefit was bargained for.
Steinberg v. U.S.
A legal case reference, implying a specific instance of jurisprudence or legal interpretation by the court.
Bargained For
Refers to a situation in contract law where each party receives something of value in exchange for their agreement or performance.
- Gain insight into the notion and importance of consideration in the creation of a lawful contract.
Verified Answer
ZK
Zybrea KnightAug 02, 2024
Final Answer :
D
Explanation :
If a benefit is not bargained for,it cannot constitute consideration necessary to support a contract.
Learning Objectives
- Gain insight into the notion and importance of consideration in the creation of a lawful contract.