To enforce a contractual promise, there must be an exchange of consideration underlying the bargain.

Name: To enforce a contractual promise, there must be an exchange of consideration underlying the bargain.
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Consideration is a fundamental principle in contract law that requires something of value to be exchanged between the parties to form a valid and enforceable contract. This exchange is what distinguishes a contract from a gift.

To Enforce a Contractual Promise, There Must Be an Exchange