Which of the following is NOT a characteristic of valuable consideration in a contract?

Which of the following is NOT a characteristic of valuable consideration in a contract?

• A. Money
• B. Goods
• C. A promise to do something
• D. Intangible benefits

Answer: (D)

Valuable consideration in a contract consists of something of value that is exchanged between the parties involved. This can take the form of money, goods, or services. Each of these serves as a tangible element of consideration that clearly supports the contract’s enforcement. In this context, while intangible benefits can be considered in certain circumstances, they do not qualify as valuable consideration in the same way that the other options do. Valuable consideration must typically have a definite and measurable nature, which is where tangible forms like money, goods, or specific promises hold significance. Intangible benefits are often more abstract and can be difficult to quantify within the confines of a contractual agreement, making them less reliable as consideration under contract law.

Valuable consideration in a contract consists of something of value that is exchanged between the parties involved. This can take the form of money, goods, or services. Each of these serves as a tangible element of consideration that clearly supports the contract’s enforcement.

In this context, while intangible benefits can be considered in certain circumstances, they do not qualify as valuable consideration in the same way that the other options do. Valuable consideration must typically have a definite and measurable nature, which is where tangible forms like money, goods, or specific promises hold significance. Intangible benefits are often more abstract and can be difficult to quantify within the confines of a contractual agreement, making them less reliable as consideration under contract law.