Which of the following is the best example of executed consideration?
A)A pays B $10.00 today in return for B giving A a book today.
B)A promises to pay B $10.00 tomorrow in return for B giving A a book tomorrow.
C)A promises to pay B $10.00 tomorrow in return for B giving A a book yesterday.
D)All of the above.

Question

Quizplus · Accepted Answer

Executed consideration is when both parties have already completed their part of the bargain. Option A fits this definition because both parties have already exchanged money and a book on the same day. Option B is an example of executory consideration because the promise of payment is to be fulfilled in the future. Option C is an example of past consideration, where A is promising payment for a service that has already been provided in the past.

Which of the Following Is the Best Example of Executed