Provision of services qualifies as consideration for an enforceable contract.

Question

Quizplus · Accepted Answer

Provision of services can be considered as consideration for an enforceable contract. Consideration refers to the exchange of something of value between two parties entering into a contract. In the case of a service contract, the service provided by one party can be considered as the consideration exchanged for payment or other benefits offered by the other party. As long as both parties agree to the terms of the contract, including the nature and scope of the services to be provided and the consideration to be paid, the contract is legally binding and enforceable.

Provision of Services Qualifies as Consideration for an Enforceable Contract