Difficulty: Easy
Correct Answer: Exchange
Explanation:
Introduction / Context:
“Bargain” refers to a negotiated transaction. The question seeks the element that must always be present whenever a bargain occurs.
Given Data / Assumptions:
Concept / Approach:
Identify the invariant: an act of exchange (goods-for-money, goods-for-goods, or services-for-consideration) under negotiated terms. Without exchange, there is no bargain.
Step-by-Step Solution:
Verification / Alternative check:
Any practical example of bargaining—market haggling, contract negotiation—culminates in an exchange of consideration.
Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:
Exchange
Discussion & Comments