Which statement is true regarding the adequacy of consideration?
A) Courts generally consider the adequacy of consideration in determining whether to enforce a contract.
B) Courts consider the adequacy of consideration only if something is sold for less than 90% of its market value.
C) Courts consider the adequacy of consideration only if something is sold for less than 80% of its market value.
D) Courts consider the adequacy of consideration only if something is sold for less than 70% of its market value.
E) Courts seldom consider the adequacy of consideration but will do so if fraud is involved.

Question

Quizplus · Accepted Answer

Courts typically do not delve into the adequacy of consideration as long as something of value is exchanged between the parties. However, they may consider it if there's evidence of fraud, duress, or undue influence, which could invalidate the contract.

Which Statement Is True Regarding the Adequacy of Consideration