Fact Pattern 12-A1 (Questions A4-A6 apply)
Jesse 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 12-A1.If,as Jesse claims,the consideration in this problem is inadequate,it may indicate a lack of
A)accord in Jesse's satisfaction with the value of the deal.
B)bargained-for exchange or mutual assent.
C)flexibility on the part of College Credit to accommodate Jesse's needs.
D)"heft," "substance," or "weight" in the terms of the contract.

Question

Quizplus · Accepted Answer

The doctrine of consideration requires a bargained-for exchange or mutual assent. If Jesse claims that the consideration in the contract was inadequate, it may indicate a lack of mutual assent, which could be used as a defense against the breach-of-contract suit.

Fact Pattern 12-A1 (Questions A4-A6 Apply)