Which Statement Is True Regarding the Adequacy of Consideration

question 36

Multiple Choice

Which statement is true regarding the adequacy of consideration?

• A) Courts generally consider the adequacy of consideration in determining whether to enforce a contract.
• B) Courts consider the adequacy of consideration only if something is sold for less than 90% of its market value.
• C) Courts consider the adequacy of consideration only if something is sold for less than 80% of its market value.
• D) Courts consider the adequacy of consideration only if something is sold for less than 70% of its market value.
• E) Courts seldom consider the adequacy of consideration but will do so if fraud is involved.

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Definitions:

Inputs

Resources or information entered into a system for processing or for generating a specific output.

Outputs

The results or products generated from a system or process.

Glycolysis

The metabolic pathway that breaks down glucose into pyruvate, producing energy in the form of ATP and NADH, occurring in the cytoplasm.

Flash Drives

Portable storage devices using flash memory for storing data and transferring it between computers without the need for physical disks.