An exchange is consideration if it:
A) creates a legal detriment to the promisee
B) creates a legal benefit to the promisor
C) creates both a legal detriment to the promisee and a legal benefit to the promisor
D) all of the other specific choices are correct
E) none of the other specific choices are correct

Question

Quizplus · Accepted Answer

An exchange is considered consideration if it involves both a legal detriment to the promisee and a legal benefit to the promisor. This means all the specific choices (A, B, C) correctly describe aspects of what constitutes consideration in a contract.

An Exchange Is Consideration If It