Brad 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 11-2."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

Quizplus · Accepted Answer

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

Brad Defends Against a Breach-Of-Contract Suit by College Credit Corporation