Asked by Maryam Almamlouk on Jul 09, 2024
Verified
The court is not concerned about the adequacy of the consideration, only that the consideration is legal and present in the agreement.
Adequacy
The sufficiency of something in meeting a specific need or standard, often evaluated in terms of quality or quantity.
Consideration
The value promised to be transferred in a contract, making it legally binding.
- Gain insight into the legal mechanisms designed to protect against exploitative agreements and insufficient consideration.
Verified Answer
AP
Antonina PennisiJul 13, 2024
Final Answer :
True
Explanation :
The court typically does not evaluate the fairness or adequacy of the consideration given in a contract as long as it is legal and exists; the focus is on the presence of consideration to support a valid contract, not its value.
Learning Objectives
- Gain insight into the legal mechanisms designed to protect against exploitative agreements and insufficient consideration.