“Insufficiency of consideration is immaterial, but a valid contract must be supported by lawful and real consideration.” Comment.

Consideration is a fundamental requirement for the formation of a contract. It refers to something of value that is exchanged between the parties to a contract. It is an essential element of the contract, and without it, there can be no enforceable contract. However, the law has evolved to recognize that the adequacy of consideration is immaterial, as long as there is some consideration, no matter how small or insignificant. This means that the parties to a contract are free to agree on the value of consideration, _____ ___ __________ ____ __________ _____ _____.
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