Which of the following can be considered as consideration in a transaction?

In a transaction, consideration refers to something of value that is exchanged between parties. It is a critical element for the formation of a valid contract, as it represents the reason a party enters into a contractual agreement.

The correct answer includes services, money, and covenants as valid forms of consideration. Money is the most commonly recognized form, but other forms such as services—the act of doing something for someone else—are equally valid. Covenants, which are promises or agreements made as part of a contract, represent an exchange of commitments that can also fulfill the requirement of consideration.

This understanding of consideration is foundational in contract law, as it illustrates that it is not limited to just monetary exchanges but can encompass a broad range of commitments or services that hold value to the parties involved.

The other options suggest limitations or misrepresentations of what constitutes consideration. For example, stating that consideration is "only money" excludes many legitimate forms of consideration, while legal documents and property deeds, while important in transactions, do not embody the concept of consideration itself. They may pertain to the execution or formalization of agreements but do not inherently carry the value-exchanging essence of consideration in contracts.