Who must provide consideration to support a contract?

• A. The promisee
• B. The promisor
• C. A third party
• D. The recipient

Answer: (A)

Consideration is the value exchanged to make a contract binding. It must come from the promisee—the party who is to receive the promisor’s promise. In a typical agreement, the promisee provides something of value (performing, paying, or refraining from an act) in return for the promisor’s undertaking. Without that transfer of value from the promisee, the promise isn’t enforceable. So the person who must provide the consideration is the promisee.