Consideration is defined as something of value or something bargained for in exchange for a promise. Normally, if consideration is absent:
A) only the offeree may enforce the promise
B) only the offeror may enforce the promise
C) either party may enforce the promise
D) the value of the exchange fails to meet the "market value" test
E) none of the other choices

Question

Quizplus · Accepted Answer

Consideration is a fundamental element of a contract, and if it is absent, the contract is generally not enforceable by either party. This means that neither the offeror nor the offeree can enforce the promise, making none of the other choices correct.

Consideration Is Defined as Something of Value or Something Bargained