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Which Statement Is True Regarding the Adequacy of Consideration

Question 47

Multiple Choice

Which statement is true regarding the adequacy of consideration?


A) Courts consider the adequacy of consideration only if something is sold for less than 80% of its market value.
B) Courts seldom consider the adequacy of consideration but will do so if fraud is involved.
C) Courts consider the adequacy of consideration only if something is sold for less than 90% of its market value.
D) Courts consider the adequacy of consideration only if something is sold for less than 70% of its market value.
E) Courts generally consider the adequacy of consideration in determining whether to enforce a contract.

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