Indicate the Correct Statement About Consideration

question 174

Multiple Choice

Indicate the correct statement about consideration.

• A) In a bilateral contract, the exchange of promises does not provide consideration for both parties.
• B) The common law holds that consideration must be adequate to insure that contracts are fair bargains.
• C) Consideration is "the price for which the promise (or the act) of the other is bought."
• D) An altered course of action, e.g., forbearance, is not good consideration.
• E) In a unilateral contract, the performance of the promisee provides no consideration to the promisor.

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