Understanding Sufficient Consideration: The Basics of Contractual Value Exchange

Promising to stop smoking for a week is an example of what type of consideration?

A promise to refrain from doing something.

The type of consideration promised to stop smoking for a week is called a “sufficient consideration.” In a contract, consideration refers to the value or benefit exchanged between the parties. It is a legal term that means something of value given by one party in exchange for something of value given by the other party. In this case, the consideration is the promise to stop smoking for a week, which is an act with a clear value associated with it. Sufficient consideration refers to consideration that has a value and would be legally enforceable in a contract. Therefore, if someone promised to stop smoking for a week in exchange for something else, their promise would be a sufficient consideration.

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