Asked by Rabina Pandey on Jun 30, 2024
Verified
The promise of "love and affection" can constitute adequate consideration to support a contract.
Love And Affection
An emotional state or feeling of strong attachment and personal bond towards another person or persons.
Adequate Consideration
The fair and reasonable value exchanged in a contract that is sufficient to make the agreement binding and enforceable.
- Define and explain the concept of consideration in contract law.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
False
Explanation :
Consideration in a contract must be something of value in the eyes of the law (e.g., money, services, goods, etc.). "Love and affection" do not meet this legal standard of consideration because they are not quantifiable or legally valuable in a contractual context.
Learning Objectives
- Define and explain the concept of consideration in contract law.