In contracting to buy a car, you agree to exchange money you otherwise would not have to give the dealer in exchange for title and possession of a car the dealer would not otherwise have to give you. This is an example of the _____ requirement of a valid contract.

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Quizplus · Accepted Answer

Consideration ensures that parties to the contract actually bind themselves to the agreement by exchanging an agreed-upon legal detriment, that is, the parties agree to do something they do not have to do, or agree to forbear from doing something they could do if they want to.

In Contracting to Buy a Car, You Agree to Exchange