Which statement is correct*Proposal + acceptance = PromisePromise + Consideration = AgreementAgreement + Enforcability = ContractAll of the above

Every promise and every set of promises forming the consideration for each other is _______Select one:a.Agreementb.Contractc.Offerd.Acceptance

Every promise or set of promise forming consideration for each other is called*AcceptanceProposalAgreementContract

Consideration, an essential element in the formation of a valid contract, may be identified as:

In a contract, consideration refers to:a.The amount of money paid to execute the contractb.The promises exchanged by the parties involvedc.The legal capacity of the parties to enter into the contractd.The written documentation of the contract

An agreement consists of reciprocal promises between at leastSelect one:a.4 Partiesb.3 Partiesc.6 Partiesd.2 Parties