bargain theory of consideration

The theory that a promise or performance that is bargained for in exchange for a promise is consideration for the promise.

• This theory underlies all bilateral contracts. See bilateral contract under CONTRACT. [Cases: Contracts 50. C.J.S. Contracts § 87.]

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法律翻译Daniel，毕业于英国一流的翻译学院，专注翻译各类与海商海事有关的法律文件。