Consideration is the element of a contract that:
A)allows it to be a gift
B)prevents it from being a gift
C)gives the offeror a better deal
D)gives the offeree a better deal
E)provides the terms of acceptance

Question

Quizplus · Accepted Answer

Consideration is the exchange of something of value between the parties to a contract, and it is what prevents the contract from being a gift. Both parties must give and receive something of value in order for the contract to be legally binding.

Consideration Is the Element of a Contract That