Which statement is true regarding the adequacy of consideration?
A)Courts consider the adequacy of consideration only if something is sold for less than 80% of its market value.
B)Courts seldom consider the adequacy of consideration but will do so if fraud is involved.
C)Courts consider the adequacy of consideration only if something is sold for less than 90% of its market value.
D)Courts consider the adequacy of consideration only if something is sold for less than 70% of its market value.
E)Courts generally consider the adequacy of consideration in determining whether to enforce a contract.

Question

Quizplus · Accepted Answer

A)The court does not weigh whether a person made a good bargain.However,if the court believes fraud or undue influence occurred,the court may look at the adequacy of consideration.
B)The court does not weigh whether a person made a good bargain.However,if the court believes fraud or undue influence occurred,the court may look at the adequacy of consideration.
C)The court does not weigh whether a person made a good bargain.However,if the court believes fraud or undue influence occurred,the court may look at the adequacy of consideration.
D)The court does not weigh whether a person made a good bargain.However,if the court believes fraud or undue influence occurred,the court may look at the adequacy of consideration.
E)The court does not weigh whether a person made a good bargain.However,if the court believes fraud or undue influence occurred,the court may look at the adequacy of consideration.

Which Statement Is True Regarding the Adequacy of Consideration