QuestionJune 25, 2025

In order for the consideration requirement in a contract to be met __ Multiple Choice the consideration given by each party should have approximately equal value. the consideration should have monetary value. the consideration should consist of some form of property. the consideration may consist of anything that has legal value.

In order for the consideration requirement in a contract to be met __ Multiple Choice the consideration given by each party should have approximately equal value. the consideration should have monetary value. the consideration should consist of some form of property. the consideration may consist of anything that has legal value.
In order for the consideration requirement in a contract
to be met __
Multiple Choice
the consideration given by
each party should have
approximately equal value.
the consideration should
have monetary value.
the consideration should
consist of some form of
property.
the consideration may consist
of anything that has legal
value.

Solution
4.4(199 votes)

Answer

the consideration may consist of anything that has legal value. Explanation Consideration in a contract refers to something of value that is exchanged between parties. It does not need to be equal or monetary; it can include any item or service with legal value.

Explanation

Consideration in a contract refers to something of value that is exchanged between parties. It does not need to be equal or monetary; it can include any item or service with legal value.
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