Brad defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal-a student loan accruing interest at a certain rate and payable beginning on a certain date-was unfair because the consideration for their contract was inadequate.
-Refer to Fact Pattern 11-2.If,as Brad claims,the consideration in this problem is inadequate,it may indicate a lack of

Question

Quizplus · Accepted Answer

Inadequate consideration can indicate a lack of a bargained-for exchange or mutual assent, meaning that both parties did not agree to the terms of the contract in a fair and balanced manner. This could potentially undermine the validity of the contract.

Brad Defends Against a Breach-Of-Contract Suit by College Credit Corporation