Aaron questions whether there is consideration for his contract with Banquet Hall to exchange his musical performance of country tunes at select social events for Banquet's payment of a certain amount.To constitute consideration,the value of whatever is exchanged must be
A)objectively worthy.
B)precisely adequate.
C)legally sufficient.
D)practically sound.

Question

Quizplus · Accepted Answer

Consideration in a contract means each party gives something of value to the other party. Legally sufficient consideration is what the law recognizes as valid consideration, which can include anything of value, as long as it is not illegal or against public policy. Therefore, the precise adequacy or practical soundness of the exchanged value is not relevant, as long as it is legally sufficient.

Aaron Questions Whether There Is Consideration for His Contract with Banquet