Which of the following contract concepts is typically given in exchange for the execution of a promise?
Which of the following contract concepts is typically given in exchange for the execution of a promise?
The concept given in exchange for the execution of a promise in contract law is 'Consideration'. Consideration is something of value that is promised, given, or done that makes an agreement legally enforceable. It is the essential reason that motivates a party to enter into a contract. The other options, such as lawfulness, agreement, and discharge, play different roles in the context of contracts but are not directly what is given in exchange for a promise.
It's B. Google "Consideration" in contracts terminology. ALL of the results will show that Consideration is the price that is asked by the promisor in exchange for their promise
C is correct