What is a characteristic of a contract that lacks mutual consideration?

A contract is defined by certain key elements, and mutual consideration is one of the most critical aspects. Mutual consideration refers to the exchange of something of value between the parties involved in the contract. When a contract lacks mutual consideration, it means that one or both parties are not providing any value in return for what they are receiving.

In this case, the characteristic that clearly aligns with the absence of mutual consideration is that the contract is unenforceable due to the lack of an exchange of value. Without mutual consideration, the contract does not meet the legal requirement for enforceability, which renders it void or voidable in a court of law. This principle is fundamental to contract law, indicating that both parties must have a stake in the agreement.

The other options do not accurately describe the implications of a lack of mutual consideration. A contract lacking mutual consideration is not legally binding; it cannot be enforced because it fundamentally lacks one of the essential elements of a valid contract. While verbal approval may exist, it is insufficient to validate a contract that does not contain mutual consideration. Additionally, witness requirements pertain to specific types of contracts and do not influence the necessity of mutual consideration.