Question

Define consideration in business law in simple words

Answer 1

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$\mathfrak{\blue{Answer.}}$consideration. n. 1) payment or money. 2) a vital element in the law ofcontracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract.
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Answer 2

Answer:

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Explanation:

consideration. n. 1) payment or money. 2) a vital element in the law ofcontracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contract.