If the car is really worth only $500,what is the effect of this lower vehicle value on the contract between Jennifer and Timmy?
A)The contract is voided because an illusory promise was made by Jennifer based on the illusion that the car was worth more.
B)Promissory estoppel results in the contract being voided because Timmy's promise was based on inaccurate information.
C)There is no effect,because the court does not determine if a good or bad deal was made.
D)The court may award Timmy damages because Jennifer entered into a contract under false pretenses and cost him money.
E)The effect of the lower vehicle value will depend upon whether the court determines if Timmy entered into a bad or good deal.

Question

Quizplus · Accepted Answer

A)Unless there is reason to suspect fraud,the court does not consider adequacy of consideration in determining if a contract is valid.The court does not care whether a good or bad deal was made.
B)Unless there is reason to suspect fraud,the court does not consider adequacy of consideration in determining if a contract is valid.The court does not care whether a good or bad deal was made.
C)Unless there is reason to suspect fraud,the court does not consider adequacy of consideration in determining if a contract is valid.The court does not care whether a good or bad deal was made.
D)Unless there is reason to suspect fraud,the court does not consider adequacy of consideration in determining if a contract is valid.The court does not care whether a good or bad deal was made.
E)Unless there is reason to suspect fraud,the court does not consider adequacy of consideration in determining if a contract is valid.The court does not care whether a good or bad deal was made.

If the Car Is Really Worth Only $500,what Is the Effect