Fact Pattern 10-2 Brad defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal-a student loan-was unfair because the consideration for the contract was inadequate.
Refer to Fact Pattern 10-2. "Adequacy" of consideration refers to
A) "how much" consideration is given.
B) legally sufficient value in the eyes of the law.
C) the intangible value to a contracting party of a thing exchanged.
D) the substantiality of the consideration exchanged.

Question

Quizplus · Accepted Answer

Adequacy of consideration refers to "how much" consideration is given, focusing on the fairness or equivalence of the exchange in the contract.

Fact Pattern 10-2 Brad Defends Against a Breach-Of-Contract Suit by College