Multiple Choice
Which of the following is true regarding the adequacy of consideration?
A) Courts generally consider the adequacy of consideration in determining whether to enforce a contract.
B) Courts consider the adequacy of consideration,but only if something is sold for less than 75% of its market value.
C) Courts consider the adequacy of consideration,but only if something is sold for less than 50% of its market value.
D) Courts consider the adequacy of consideration,but only if something is sold for less than 25% of its market value.
E) Courts seldom consider the adequacy of consideration,but will do so if an item was sold for a low sum in order to avoid claims of creditors.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: An illusory promise is not consideration.
Q51: Which of the following is a correct
Q52: The debt must be liquidated for the
Q53: If additional work is needed for an
Q54: Yolanda agrees to bathe and groom Wendy's
Q55: Forbearance is defined as:<br>A)An invitation to negotiate.<br>B)An
Q57: In a bilateral contract,the consideration for each
Q58: For a promise to be enforced by
Q59: Sally goes to have her hair trimmed
Q83: Define and discuss promissory estoppel, and give