Legal sufficiency of consideration is the same as adequacy of consideration.

Question

Legal sufficiency of consideration is the same as adequacy of consideration. ​

Quizplus · Accepted Answer

Legal sufficiency of consideration refers to whether there is a valid reason or benefit for both parties to enter into a contract, such as a promise to perform an action or refrain from doing something. Adequacy of consideration refers to whether the value or benefit exchanged is fair or sufficient. while legal sufficiency is required for a contract to be enforceable, adequacy is not, as parties are free to negotiate the terms of their agreement as they see fit.

Legal Sufficiency of Consideration Is the Same as Adequacy of Consideration