Multiple Choice
Fact Pattern 10-1
Bridey defends against a suit for breach of contract by Continental Mortgage Company by claiming that their deal-a mortgage loan secured by Bridey's purchase of a house-was unfair because the consideration for their contract was inadequate.
-Refer to Fact Pattern 10-1. "Adequacy" of consideration refers to
A) "how much" consideration is given.
B) legally sufficient value in the eyes of the law.
C) the intangible value to a contracting party of a thing exchanged.
D) the substantiality of the consideration exchanged.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Past consideration can be legally sufficient consideration.
Q18: A determination of whether consideration exists depends
Q21: Quentin questions whether there is consideration for
Q31: Frisco offers to buy a Gibson guitar
Q38: A promise made in return for an
Q40: Qiana writes a check to Payday Loans,Inc.,in
Q41: Consideration in bilateral contracts normally consists of
Q45: Dave's uncle tells Dave that if "he
Q48: A transaction that lacks a bargained-for exchange
Q71: A preexisting duty may arise from a