The most common form of valid consideration is:
A) the promise of money by one party for the promise of an act by another.
B) the promise of an act by one party for the promise of refraining from trade by the other party.
C) the promise of money by one party for the promise of restraining oneself from competitive trade by another.
D) the promise of an act by one party in exchange for a different act by another.

Question

Quizplus · Accepted Answer

The most common form of valid consideration is the promise of money by one party for the promise of an act by another. This is known as a bilateral contract, where both parties make promises to each other. The promise of money is a common incentive used to induce someone to perform an act.

The Most Common Form of Valid Consideration Is