Question

what is mean by business consideration?

Answer 1

Something with monetary value, voluntarily exchanged for an act benefit, forbearance interest, promise, right, or goods In banking, the loan amount is a consideration, in exchange for the borrower's promise to repay the principal and to pay interest and other charges

Answer 2

Hello,

Riya...

here is your answer..


In business there are exchange of goods and services takes place. One party provide goods to other and other party pays the money or money worth..

So here ,

Goods for one party is considered as consideration and money is consideration for other party.


Consideration is basically the goods or services which you get in relation to your goods and services provided to other.



hope it helps
#jerri