Talha, Shay, Arturo
Consideration- careful thought, typically over a period of time.
Gift- something given to someone willingly without any payment.
Donor- a person who donates something, esp. money to a fund or charity.
Promisor- person who makes a promise
Promise- a declaration or assurance that one will do a particular thing or that a particular thing will happen.
Examples of consideration
Consideration is an essential element for the formation of a contract. It may consist of a promise to perform a desired act or a promise to refrain from doing an act that one is legally entitled to do. In a bilateral contract on agreement by which both parties exchange mutual promises each promise is regarded as sufficient consideration for the other. In a unilateral contract, an agreement by which one party makes a promise in exchange for the other's performance, the performance is consideration for the promise, while the promise is consideration for the performance.