Fact Pattern 12-A1 (Questions A4-A6 Apply)

question 16

Multiple Choice

Fact Pattern 12-A1 (Questions A4-A6 apply)
Jesse 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-A1.A court is most likely to evaluate the adequacy of consid?era?tion if

• A)a thing exchanged has no intangible value to one of the parties.
• B)something exchanged is not of direct economic or financial value.
• C)the items exchanged were of unequal value.
• D)there is a gross disparity in the value of the consideration exchanged.

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Definitions:

Graph Label

Text used in graphs to name axes, identify data series, or annotate information for clarification and understanding.

Maturity

A phase in the product life cycle characterized by a slowdown in sales growth as the product achieves widespread acceptance and market saturation.

Product Life Cycle

The series of stages that a product goes through from its introduction to the market until its decline and eventual withdrawal from the market.

Maturity Stage

A phase in the product life cycle characterized by slowing growth, well-established market presence, and increased competition, requiring strategies for retention and differentiation.