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The Requirement of Legally Sufficient Consideration

Question 33

Multiple Choice

The requirement of legally sufficient consideration:


A) is that the parties have agreed to an exchange and it imposed a legal detriment upon the promisee or conferred a legal benefit upon the promisor.
B) has nothing to do with the legal value of what is exchanged.
C) means the subject matter that the parties agree to exchange has to have the same value.
D) is the same as the requirement of adequacy of consideration.

Correct Answer:

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