Indicate the correct statement about consideration.

Question $7$ options:

In a bilateral contract, the exchange of promises does not provide consideration for both parties.

The common law holds that consideration must be adequate to ensure that contracts are fair bargains.

Consideration is "the price for which the promise $($or the act$)$ of the other is bought."

An altered course of action$$e$.$g$.,$ forbearance$$is not good consideration.

In a unilateral contract, the performance of the promisee provides no consideration to the promisor.