An unenforceable promise will constitute consideration as long as the parties to the contract appear to be in agreement.

Question

Quizplus · Accepted Answer

Consideration is an essential element of a valid contract, and it must be something of value exchanged between the parties. An unenforceable promise is not considered valid consideration because it is not something of value that can be legally enforced. Therefore, a promise that is unenforceable cannot constitute consideration even if the parties appear to be in agreement.

An Unenforceable Promise Will Constitute Consideration as Long as the Parties