What type of consideration is not measured in terms of money?

Good consideration refers to the concept of something valuable being exchanged in a contract, but it may not always be quantifiable in monetary terms. This type of consideration can encompass elements such as love, affection, friendship, or other non-monetary exchanges that are recognized in legal contexts. Although these feelings or relationships may not have a direct dollar value, they can still hold significance and serve as valid consideration in forming a contract.

Understanding good consideration is particularly important in real estate and legal transactions, where parties might enter into agreements based on personal relationships or mutual understanding rather than financial payment alone. This knowledge helps reinforce the notion that contracts can be valid even when one party does not provide monetary compensation.