Each party to a contract must intentionally exchange a legal benefit or incur a legal detriment as an inducement to the other party to make a return exchange.

Question

Quizplus · Accepted Answer

This is the basic principle of consideration in a contract. Each party must give something of value (benefit or detriment) as an inducement to the other party to make a return exchange. Without consideration, a contract is not enforceable.

Each Party to a Contract Must Intentionally Exchange a Legal