Which of the following is the best example of executory 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

Executory consideration refers to promises to perform a future act or obligation. Option B is the only one where A promises to pay in the future in exchange for B's promise to provide the book in the future. Options A and C involve immediate exchange of consideration, so they are not examples of executory consideration. Option D is incorrect as option C is not an example of executory consideration.

Which of the Following Is the Best Example of Executory