Which term refers to something of value that is not money, such as love and affection?

• A. Good consideration
• B. Valuable consideration
• C. Bilateral contract
• D. Express contract

Answer: (A)

Consideration in contract law means something of value that one party gives in exchange for the other party’s promise. It doesn’t have to be money; non-monetary value can count if there’s a bargained-for exchange, such as a service, a promise to do something, or even an intangible benefit, as long as the parties intend to exchange value. The term that best fits the idea of “something of value that is not money” is good consideration, which emphasizes that the value exchanged is legally sufficient to support a contract—even if its monetary worth is small or intangible. The other options point to contract types rather than the value exchanged: a bilateral contract involves promises from both sides, and an express contract is formed by explicit terms stated in words. While valuable consideration relates to value, the common teaching here uses good consideration to highlight sufficiency in the exchange, including non-monetary items.