1. What qualifies as consideration? Can anything the parties "agree to" satisfy this requirement? What kinds of things do NOT qualify as "consideration"? 2. What is meant by the "legal value test"? 3. Do any of the following qualify as valid consideration? Explain. Has valid consideration been offered that would support K creation? Explanation "I promise to mow your lawn regularly each Saturday if I feel like it.' "I promise to purchase all of the widgets I'll need for the year from ABC Widget Company" "Because my caregiver was so thoughtful and kind for the last 10 years, I promise to leave her $10,000." lan promised to purchase auto insurance for Zane so Zane doesn't purchase any. lan fails to obtain the insurance. Later, Zane is in an auto accident and discovers he has no coverage. Jonathan, a fireman, responds to an alarm at a residence. On arrival, Luis grabs him by the arm and says "My daughter is still inside. I'll pay you $20,000 if you get her out alive." Jonathan bravely rushes into the house and rescues the little girl