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Which of the Following Is Correct with Respect to the Adequacy

Question 7

Multiple Choice

Which of the following is correct with respect to the adequacy of consideration?


A) Consideration need not be legal if both parties clearly consent.
B) Both parties must be present if the agreement is under seal.
C) Consideration may be only love and affection.
D) Consideration need not be fair,unless there are extenuating circumstances (i.e.,insanity or fraud) .
E) Consideration might result from existing duty: a change in the contract requires no new consideration.

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