Which of the following is not correct with regard to consideration?
A) In a unilateral contract, a promise is exchanged for an act or forbearance to act.
B) In a bilateral contract, there is an exchange of promises.
C) Legal sufficiency is always related to adequacy of consideration.
D) Consideration can be a legal detriment.

Question

Quizplus · Accepted Answer

Legal sufficiency of consideration means that something of legally sufficient value must be given in exchange for a promise. This is not the same as adequacy of consideration, which refers to the fairness of the bargain. The law does not require consideration to be adequate, as long as it is legally sufficient.

Which of the Following Is Not Correct with Regard to Consideration