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

Answer 1

c. both the removal of a beehive and the payment of $120.00

Explanation: Consideration is the bargained-for exchange — Bob’s promise/performance to remove the beehive and Suzie’s promise to pay $120 are each the consideration for the other.