Jen questions whether there is consideration for her contract with Isaac to exchange her catering services for his payment of a certain amount.To constitute consideration,the value of whatever is exchanged must be
A)objectively worthy.
B)grossly inadequate.
C)legally sufficient.
D)practically sound.

Question

Quizplus · Accepted Answer

Consideration must be legally sufficient, meaning that it must have some value in the eyes of the law. It does not necessarily need to be objectively worthy or practically sound, and gross inadequacy may indicate a lack of genuine agreement or potential for fraud, but it is not always determinative of consideration. The important aspect is that there is something of value being exchanged between the parties.

Jen Questions Whether There Is Consideration for Her Contract with Isaac