What Is Consideration in a Contract?

consideration would be thing that is exchanged, or some element of exchange. If there's no money written into the contract, then there's no consideration in the contract. Even if it was just like one pound, it could still be deemed as as valid consideration. So that an consideration is one of the y aspects of making a contract legal. And i think the court have said that even if it wasJust like one pound,. It could still be thought of asvalid consideration. One thing is being exchanged for something else. Causea one way thing is thit's not a contract, so it can't be legally bindingIf it doesn't comply with the rules of what a contract is.