Which of the following is not correct with respect to the adequacy of consideration?
A) Must be of some value and love and affection are not enough
B) Need not be present if the agreement is under seal
C) Need not be fair, unless there are extenuating circumstances (i.e., insanity or fraud)
D) Need not be legal if both parties clearly consent
E) Existing duty: a change in the contract requires new consideration

Question

Quizplus · Accepted Answer

Consideration must be legal for a contract to be enforceable. If the consideration involves illegal activities, even with clear consent from both parties, the contract is void and unenforceable.

Which of the Following Is Not Correct with Respect to the Adequacy