The concept of consideration in contract law includes:
A) that each party to a contract must unintentionally exchange a legal benefit.
B) an inducement to each party to make a return exchange.
C) that each party takes out an insurance bond if the possibility of damages is above $500.
D) All of these.

Question

Quizplus · Accepted Answer

Consideration in contract law refers to something of value exchanged between parties, serving as an inducement for entering into a contract. It does not require unintentional exchange or insurance bonds.

The Concept of Consideration in Contract Law Includes