Question

In a contract, what is consideration? A. Exchanging things of value B. Breaching the contract C. A business tort D. The minimum age for the contract Please select the best answer from the choices provided A B C D

Answer 1

Exchanging things of value is what consideration is in a contract.

Answer 2

Answer:

The correct answer is the option A: Exchanging things of value.

Explanation:

In the United States' common law, an also other common law jurisdictions, the concept of ''consideration'' in a contract law is a term that refers to the thing of value that identifies the main reason for what both parties make the contract in the first place. Therefore is understandable that the consideration is any thing of value whose property the parties are willing to exchange between each other and succesfully accomplish a law contract.