Which of the following is false with regard to contract law?
A) To form a contract, there must be an offer that is accepted unconditionally.
B) A contract is unenforceable if it is required to be evidenced in writing under the Statute of Frauds and is not.
C) The parties to a contract can always go to court and have the court declare a contract void if the consideration is not adequate, i.e. fair, even if there is no evidence of fraud, duress, undue influence, or mental incapacity.
D) A contract for a $50,000 boat does not have to be evidenced in writing to be a valid contract.
E) An exchange of promises can be consideration adequate to form a contract.

Question

Quizplus · Accepted Answer

This statement is false. Adequacy of consideration is not a ground for voiding a contract unless one of the parties can prove that the contract was the result of fraud, duress, undue influence or mental incapacity.

Which of the Following Is False with Regard to Contract