Which of the following is NOT true about consideration?
A) Consideration must be sufficient.
B) Consideration has to be adequate.
C) A gratuitous promise is not supported by consideration.
D) Consideration can be in the form of a detriment to a party.
E) Consideration must be of some value in the eyes of the law.

Question

Quizplus · Accepted Answer

While consideration must be sufficient, meaning it has some value in the eyes of the law, it does not have to be adequate, meaning it does not have to be equal in value to what is being exchanged. A minor benefit or detriment can still be considered consideration.

Which of the Following Is NOT True About Consideration