Which of the following is considered good consideration?

Good consideration in the context of contracts, particularly in real estate, refers to something of value that is exchanged between parties to make a contract binding. The option pertaining to a promise that cannot be measured in terms of money highlights a fundamental aspect of consideration: it encompasses not only tangible items but also intangible values, such as commitments or services.

In real estate, even a promise to do something valuable to the other party can be regarded as adequate consideration, even if that promise doesn’t have a direct monetary value attached to it. This concept is important because it signifies that all parties in the transaction are bound by their agreements and that their mutual promises are taken seriously.

The other options, while they may involve some sort of value, either do not meet the legal definition of consideration in this context or are less relevant in the specific scope of real estate transactions. For instance, a monetary gift does not usually constitute consideration as it is typically not exchanged for a promise or performance in a contractual agreement. Ownership transferred in a real estate contract pertains to the result of the transaction but does not address what would classify as consideration itself. Similarly, the closure of a financial transaction often involves the culmination of the entire agreement but does not highlight the reciprocal exchange at its core as an example