Question

Bob and Suzie are both signing a contract where Bob agrees to remove a beehive and Suzie agrees to pay Bob $120.00. What is the consideration in this example?
a.
beehive removal
b.
payment of $120.00
c.
both the removal of a beehive and the payment of $120.00
d.
neither the beehive removal nor the payment of $120.00


Please select the best answer from the choices provided

A
B
C
D

Answer 1

C

Both parties' promises (Bob's removal of the beehive and Suzie's payment of $120) are the consideration — each is the bargained-for exchange that supports the contract.