X promises to transfer his car worth $10 000 to Y.Which of the following would be considered sufficient consideration for X's promise?

Question

Quizplus · Accepted Answer

A promise to pay $50 is a valid consideration as it involves a form of payment or exchange of value. A promise to be nice or to not exceed the speed limit does not have any clear economic value and therefore would not be considered sufficient consideration. Mowing the lawn for X in the past also does not count as consideration as it was not done in exchange for the promise of the car.

X Promises to Transfer His Car Worth $10 000 to Y.Which