The Contractual Rule That Requires an Exchange of Value

question 15

Multiple Choice

The contractual rule that requires an exchange of value

• A) is based on the need for clear evidence of an agreement and therefore does not apply if the parties' agreement is written, rather than oral.
• B) cannot be satisfied by the provision of love and affection because that rule requires each party to provide a physical benefit, rather than services or actions.
• C) can be satisfied by the use of a seal because a seal is itself a form of valuable consideration.
• D) generally requires proof that each party provided sufficient consideration, but it does not also require proof that each party provided adequate consideration.
• E) is best explained through the doctrine of privity.

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