Fact Pattern 12-A2
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 12-A2. If, as Brad claims, the consideration in this problem is inadequate, it may indicate a lack of
A) accord in Brad's satisfaction with the value of the deal.
B) bargained-for exchange or mutual assent.
C) flexibility on the part of College Credit to accommodate Brad's needs.
D) "heft," "substance," or "weight" in the terms of the contract.

Question

Fact Pattern 12-A2 
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 12-A2. If, as Brad claims, the consideration in this problem is inadequate, it may indicate a lack of
A) accord in Brad's satisfaction with the value of the deal.
B) bargained-for exchange or mutual assent.
C) flexibility on the part of College Credit to accommodate Brad's needs.
D) "heft," "substance," or "weight" in the terms of the contract.

Quizplus · Accepted Answer

Consideration is one of the elements of a valid contract, and it refers to the exchange of something of value that induces the parties to enter into the agreement. For a contract to be enforceable, the consideration must be a bargained-for exchange, meaning that each party must have given something of value and received something of value in return. If one party's consideration is grossly disproportionate to the other's or lacks value altogether, the contract may be voidable due to a lack of mutual assent or a lack of consideration. Therefore, if Brad claims that the consideration in the contract was inadequate, it suggests that there was no bargained-for exchange or mutual assent between the parties.