Consideration will be present if:
A) the promisor receives a legal benefit
B) the promisee receives a legal benefit
C) the promisee suffers a legal detriment
D) the promisor receives a legal benefit and the promisee suffers a legal detriment
E) all of the other choices are correct

Question

Quizplus · Accepted Answer

Consideration in a contract involves something of value exchanged between the promisor and the promisee. It can be present if the promisor receives a legal benefit, the promisee receives a legal benefit, or the promisee suffers a legal detriment. Thus, all the other choices correctly describe scenarios where consideration is present.

Consideration Will Be Present If