Indicate the Correct Statement About Consideration

Multiple Choice

Indicate the correct statement about consideration.

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