Asked by Julie David on May 02, 2024
Verified
Because consideration is an essential element of contract formation and enforcement,the court always considers the adequacy of consideration.
Adequacy of Consideration
A legal principle that examines whether the value exchanged in a contract is fair and reasonable to all parties involved.
Contract Formation
The process by which parties agree on the terms of a contract, leading to a binding agreement; typically involves offer, acceptance, consideration, and mutual intent.
- Identify the factors the courts consider when determining the adequacy of consideration.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
False
Explanation :
The court seldom considers adequacy of consideration.This rule means that the court does not weigh whether you made a good bargain.
Learning Objectives
- Identify the factors the courts consider when determining the adequacy of consideration.
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