Fact Pattern 9-2
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 9-2.If,as Brad claims,the consideration in this problem is inadequate,it may indicate a lack of

Question

Fact Pattern 9-2 
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 9-2.If,as Brad claims,the consideration in this problem is inadequate,it may indicate a lack of

Quizplus · Accepted Answer

Inadequate consideration may indicate a lack of bargained-for exchange or mutual assent, meaning that one party did not receive something of equal value in return for their promise or performance. This is a requirement for a valid contract.