In determining whether a party has given consideration,courts look at whether the promises exchanged were of equal value.

Question

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In determining whether a party has given consideration, courts look at whether there was a bargained-for exchange between the parties, not necessarily whether the promises were of equal value. The law recognizes that the value a person places on a promise may be subjective and vary from person to person.

In Determining Whether a Party Has Given Consideration,courts Look at Whether