Some agreements that lack consideration are:
A) enforceable.
B) not enforceable.
C) valid.
D) unlawful.

Question

Quizplus · Accepted Answer

Consideration is an essential element of a contract. It refers to something of value that is being exchanged between the parties. If an agreement lacks consideration, it is not enforceable because it lacks the essential element needed to create a legally binding contract. Therefore, the correct choice is B - not enforceable.

Some Agreements That Lack Consideration Are