Which of the following is true of consideration?
A)A promise cannot be deemed a consideration in a bilateral contract.
B)The legal value of a consideration must be equal to the actual value in a consideration.
C)Gross inadequacy of consideration can give rise to an inference of fraud for setting aside a contract.
D)A preexisting moral obligation is deemed a consideration.

Question

Quizplus · Accepted Answer

Gross inadequacy of consideration may give rise to an inference of fraud,duress,lack of capacity,unconscionability,or some other independent basis for setting aside a contract.

Which of the Following Is True of Consideration