For the requirement of consideration to be satisfied,at least one of the parties must have performed what was promised.

Name: For the requirement of consideration to be satisfied,at least one of the parties must have performed what was promised.
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Quizplus · Accepted Answer

Consideration requires that something of value (which can be a promise, an act, or forbearance) is exchanged between the parties, but it does not require performance of what was promised for the contract to be valid.

For the Requirement of Consideration to Be Satisfied,at Least One