Aron 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 is legally sufficient if it is something of value in the eyes of the law. It does not necessarily have to be exactly equivalent to the value of the other party's promise or performance. As long as each party gives and receives something of legal value, consideration exists.

Aron Questions Whether There Is Consideration for His Contract with Banquet