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

Question

Quizplus · Accepted Answer

Consideration must be legal; both parties cannot consent to illegal consideration.

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