Which of the following would a court NOT regard as consideration on the part of a party to a contract?
A)a promise to pay for what the other party has already done
B)giving up what the party honestly believes is a right to sue
C)a promise to pay money to the other party in the future
D)a promise to pay money to a third party who is not a party to the contract
E)money paid to the other party

Question

Quizplus · Accepted Answer

Consideration must be something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances. A promise to pay for what the other party has already done is not considered valid consideration because it does not involve a new or additional benefit or detriment to either party; it is essentially a promise to pay for a past action, which does not meet the requirement for consideration in forming a contract.

Which of the Following Would a Court NOT Regard as Consideration