Fact Pattern 13-2
Boyd defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal-a student loan accruing interest at a certain rate and payable beginning on a certain date-was unfair because the consideration for their contract was inadequate.
-Refer to Fact Pattern 13-2. "Adequacy" of consideration refers to
A) "how much" consideration is given.
B) legally sufficient value in the eyes of the law.
C) the intangible value to a contracting party of a thing exchanged.
D) the substantiality of the consideration exchanged.

Question

Fact Pattern 13-2​
Boyd defends against a breach-of-contract suit by College Credit Corporation by claiming that their deal-a student loan accruing interest at a certain rate and payable beginning on a certain date-was unfair because the consideration for their contract was inadequate.
-Refer to Fact Pattern 13-2. "Adequacy" of consideration refers to
A) ​"how much" consideration is given.
B) ​legally sufficient value in the eyes of the law.
C) ​the intangible value to a contracting party of a thing exchanged.
D) ​the substantiality of the consideration exchanged.

Quizplus · Accepted Answer

Adequacy of consideration refers to "how much" consideration is given, meaning the fairness or equivalence of the value exchanged between the parties in a contract.

Fact Pattern 13-2​ Boyd Defends Against a Breach-Of-Contract Suit by College Credit Corporation

Fact Pattern 13-2 Boyd Defends Against a Breach-Of-Contract Suit by College Credit Corporation