A determination of whether consideration exists depends on a comparison of the values of the things exchanged.

Name: A determination of whether consideration exists depends on a comparison of the values of the things exchanged.
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Question

Quizplus · Accepted Answer

Consideration in contract law refers to something of value exchanged between parties, but it does not require a comparison of the values exchanged. It simply requires that each party provides something of value to the other.

A Determination of Whether Consideration Exists Depends on a Comparison