Fact Pattern 13-2 Boyd Defends Against a Breach-Of-Contract Suit by College Credit Corporation
Multiple Choice
Fact Pattern 13-2
Boyd 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 13-2. A court is most likely to evaluate the adequacy of consideration if
A) a thing exchanged has no intangible value to one of the parties.
B) something exchanged is not of direct economic or financial value.
C) the items exchanged were of unequal value.
D) there is a gross disparity in the value of the consideration exchanged.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: Two parties can mutually agree to rescind
Q22: If a promise is made, it will
Q23: Kent buys Lizzie's house for $100,000, which
Q27: An illusory promise is an unenforceable promise.
Q57: Marketing Solutions Inc. promises to employ Niki
Q60: Legally sufficient consideration is something of value
Q61: A promise to do what one already
Q62: Fact Pattern 13-5<br>Brick and Carmen are in
Q63: Fact Pattern 13-5<br>Brick and Carmen are in
Q64: Frisco offers to buy a Gibson guitar