Joe promises to give his brother Bill a $30,000 new car for $50.Which of the following best describes the $50?

Name: Joe promises to give his brother Bill a $30,000 new car for $50.Which of the following best describes the $50?
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Question

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When agreements try to make gratuitous promises look like true bargains,they make use of nominal considerations.Courts generally refuse to enforce such agreements unless they find that the stated consideration was actually bargained for.

Joe Promises to Give His Brother Bill a $30,000 New