A party has given consideration for a contract if that party suffers a legal detriment,even if the other party does not receive a benefit.

Question

Quizplus · Accepted Answer

This statement is true. Consideration is the exchange of benefits and detriments between the parties to a contract. One party giving consideration (suffering a legal detriment) is sufficient to make a contract enforceable, even if the other party does not receive a benefit.

A Party Has Given Consideration for a Contract If That