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11. When contract law refers to consideration, what is meant? O A. The parties have the ability to consider what they are doing. O B.

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11. When contract law refers to consideration, what is meant? O A. The parties have the ability to consider what they are doing. O B. The two parties are polite in their dealings with one another. O C. The contract is legal and binding. O D. Something of value is being exchanged by the parties.12. Blake gave Travis $1,000 down payment on his car, with a note saying he would pay the remainder of $2,000 the following day when he planned to pick up the car. While the car was parked on the street that night, it was demolished by another driver who lost control of her car. Is Blake legally entitled to get his deposit back? O O A. Yes. O B. No. O C. The seller bears the loss and should go after the driver who demolished the car. O D. The buyer bears the loss and should go after the driver who demolished the car

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