Contracts
In Hawaii, consideration in a real estate contract must be:
AAlways in the form of money
BSomething of value given by each party, which may include money, a promise, or other benefit✓ Correct
CApproved by the Hawaii Real Estate Commission
DEqual in monetary value between both parties
Explanation
Consideration is something of value exchanged between contracting parties. It may be money, a promise to act, forbearance, or any other benefit. It need not be equal in monetary value between parties.
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