ContractsQuestion 66 of 100
Consideration in a contract refers to:
a.The signatures of witnesses
b.The recording of the deed
c.Something of legal value exchanged between the parties
d.The physical inspection of the property
Explanation
Consideration is the benefit, right, or value each party gives in exchange for the other's promise, such as money for a property. It is a required element of an enforceable contract. Without valid consideration, a promise is generally not binding.
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