Jack buys Jill's house for $1.00.If the contract is later disputed in court,the court is likely to declare Jack's consideration

Question

Quizplus · Accepted Answer

Consideration is the value that each party brings to a contract. In this case, the consideration is $1.00. However, if the contract is disputed in court, the court is likely to find that this consideration is unconscionable because it is too low and does not reflect the value of the property. Therefore, A is the best choice.

Jack Buys Jill's House for $1