Question: Identify a true statement about the contract element of consideration. Multiple Choice Courts will enforce contractual promises that are not supported by consideration. Consideration must

Identify a true statement about the contract element of consideration. Multiple Choice

Courts will enforce contractual promises that are not supported by consideration.

Consideration must be in the form of money.

The enforceability of the contract depends on the amount of the consideration.

Valid consideration can include a promise to do something or refrain from doing something.

Consideration need not be bargained for.

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