To constitute consideration, there must be
A)a payment.
B)a performance.
C)a bargained-for exchange.
D)serious thought underlying each party's intent to contract.

Question

Quizplus · Accepted Answer

Consideration in a contract requires a bargained-for exchange, meaning each party must provide something of value in return for what they receive. This is what distinguishes a contract from a gift.

To Constitute Consideration, There Must Be