Indicate the Correct Statement About Consideration

Indicate the correct statement about consideration.

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

Correct Answer:

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