Contracts
In a Delaware real estate contract, 'consideration' refers to:
AThe agent's careful review of the transaction
BSomething of value exchanged between the parties✓ Correct
CThe legal description of the property
DThe zoning classification of the property
Explanation
Consideration is something of value that each party gives to the other, such as the buyer's promise to pay and the seller's promise to convey title. It is a required element of an enforceable contract.
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