Which type of consideration is typically enforceable by law?

Valuable consideration is typically enforceable by law because it involves something of measurable value that parties exchange in a contract. This provides a tangible basis for the agreement, ensuring that each party benefits or suffers a detriment as a result of their contractual obligations. Monetary compensation, services, or goods exchanged serve as valuable consideration, confirming that the contract is serious and intended to bind parties legally.

In contrast, good consideration does not denote any actual value—it's usually related to a moral obligation or a promise made out of goodwill. Past consideration refers to something that has already been performed before the contract was made; while it may have value, it does not count as consideration in a contract since it does not induce the parties to enter into the agreement. Intangible consideration can involve non-physical entities like love or goodwill, which, while they can be meaningful, typically lack the legal enforceability that valuable consideration possesses.

Thus, valuable consideration stands out as the only type that provides the concrete, actionable basis needed for a contract to be fully enforceable under the law.