You agree to sell your car to your neighbor for $5,000. You and your neighbor have provided each other:
A) duress.
B) consideration.
C) an endorsement.
D) an expressed warranty.

Question

Quizplus · Accepted Answer

Consideration is the exchange of something of value between the parties in a contract. In this case, you are giving up your car and your neighbor is giving you $5,000, which constitutes consideration for both parties. The other options, duress, endorsement, and expressed warranty, do not apply in this scenario.

You Agree to Sell Your Car to Your Neighbor for $5,000