A deed,like a contract,must be supported by consideration to be effective.

Name: A deed,like a contract,must be supported by consideration to be effective.
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Question

Quizplus · Accepted Answer

A deed does not require consideration to be effective, unlike a contract. Consideration is necessary to form a binding agreement in a contract, but a deed can be created without it. Instead, a deed requires other elements such as a competent grantor, a legally valid description of the property, and an intent to transfer ownership.

A Deed,like a Contract,must Be Supported by Consideration to Be