Rory questions whether there is consideration for his contract with Silver Spurs Club to exchange his performance of country music on certain dates for Silver's payment of a certain amount. To constitute consideration, the value of whatever is exchanged must be
A)objectively worthy.
B)precisely adequate.
C)legally sufficient.
D)practically sound.

Question

Quizplus · Accepted Answer

Consideration in a contract must be legally sufficient, meaning it must have some value in the eyes of the law. This does not require the value to be equal or precisely adequate, just that something of legal value is exchanged.

Rory Questions Whether There Is Consideration for His Contract with Silver