To establish consideration,the price must be:
A)valuable,adequate and sufficient.
B)valuable and either adequate or sufficient.
C)valuable and adequate,but need not be sufficient.
D)valuable and sufficient,but need not be adequate.

Question

Quizplus · Accepted Answer

Consideration must be something of value in the eyes of the law, and it must be sufficient to support the promise made in the contract. However, the law does not require the consideration to be adequate, meaning the value does not have to be equal or fair compared to the promise being made.

To Establish Consideration,the Price Must Be