The agreements which lack consideration are:
A) enforceable.
B) not enforceable.
C) valid.
D) unlawful.

Name: The agreements which lack consideration are: A) enforceable. B) not enforceable. C) valid. D) unlawful.
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Question

Quizplus · Accepted Answer

Consideration is an essential element of a contract. If an agreement lacks consideration, it means that one of the parties did not promise anything in exchange for the other party's promise. As a result, such agreements are not enforceable and are considered void.

The Agreements Which Lack Consideration Are