Which of the following is true of consideration?
A) Consideration is not required in bilateral contracts
B) Consideration is not required in unilateral contracts
C) Consideration is required in all contracts
D) Consideration is never required
E) Consideration is valid only if it is part of an equal exchange

Question

Quizplus · Accepted Answer

Consideration is a fundamental element in the formation of contracts, required in both unilateral and bilateral contracts. It refers to something of value that is exchanged between the parties involved.

Which of the Following Is True of Consideration