If Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees,a court will probably
A)set aside the agreement as being unfair.
B)set aside the agreement because the consideration is inadequate.
C)not set aside the agreement based on the adequacy of the consideration.
D)not set aside the agreement because of the UCC.

Question

Quizplus · Accepted Answer

The court is unlikely to set aside the agreement based on the adequacy of consideration because the law recognizes that parties are free to bargain as they see fit, and will generally not interfere with the agreed-upon price unless there is evidence of fraud, duress, or undue influence. The fact that the laptop is worth more than the amount offered does not necessarily render the consideration inadequate, as long as both parties are aware of the value and agree to the terms.

If Rudy Offers Oscar $200 for His Laptop Valued at $600