Good consideration in contract law is best exemplified by which option?

• A. Real property or money
• B. A promise of love, affection, friendship, or loyalty
• C. A promise to perform something with value
• D. A promise to commit an illegal act

Answer: (B)

Consideration in contract law means a bargained-for exchange where each party gives up something of value in return for the other's promise or performance. A promise to do something with value demonstrates that exchange clearly: it shows both sides contributing something of legal worth, which can make the contract enforceable.

A promise of love, affection, friendship, or loyalty generally lacks legal value and is not the kind of bargained-for exchange that creates enforceable consideration. In contrast, promising to perform an act, provide a service, pay money, or transfer property involves an exchange of value, which satisfies the requirement for good consideration. So the example that best illustrates good consideration is a promise to perform something with value.