Two Types of Consideration

By
Education & Training with Rowlett Real Estate School LLC

There are two types of consideration:
 
1. Valuable consideration is the money or a promise of something that can be measured in terms of money.
2. Good consideration is a promise that cannot be measured in terms of money,such as love and affection.

Either type of consideration is sufficient to enforce a contract. The law generally does not concern itself with the relative fairness of consideration. What is exchanged need not have the same measurable value. The law will determine that the parties thought the consideration to be fair because they freely agreed to the exchange.

Information courtesy of Rowlett Real Estate School LLC www.rowlettrealestateschool.com

For more information visit our website or call Captain Wayne Rowlett at 850-547-1333

P.Stone, RRES

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Rowlett Real Estate School

Rowlett Real Estate School


For infomation on Rowlett Real Estate School and our classes in Panama City, Fort Walton, Pensacola and Destin, visit our website at www.rowlettrealestateschool.com .  Or give Captain Wayne a call at 850-547-1333

Rowlett Real Estate School is a full service Florida Real Estate School offering classroom training in Panama Ctiy Beach Florida and Destin Florida, Fort Walton Beach and Pensacola.  We offer a full line up of courses online and in classroom for all your Sales Associate and Broker real estate license requirements.
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