All simple contracts require consideration to be present.

Name: All simple contracts require consideration to be present.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consideration is an essential element of a simple contract, which means that it is necessary for the parties to exchange something of value, whether it be goods, services, or money. Therefore, all simple contracts require consideration to be present.

All Simple Contracts Require Consideration to Be Present