Which of the following is a valid consideration?

Question

Quizplus · Accepted Answer

All the options listed are examples of valid considerations. A consideration is something of value that is given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances. Option A represents a modification of a contract, which is valid if both parties agree to the new terms. Option B is a valid consideration because it involves a promise to refrain from doing something (smoking) in exchange for payment. Option C is also a valid consideration, as agreeing to pay an unliquidated debt for less than the full amount can be a consideration if the debt amount is in dispute and both parties agree to settle for a lesser amount.

Which of the Following Is a Valid Consideration