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

question 19

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."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.

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Definitions:

Encomienda

A labor system in Spanish America giving settlers the right to tax local Indigenous people or to demand their labor in exchange for protecting them and teaching them Christianity.

Forced Work

Labor that is imposed against the will of individuals, often without adequate compensation or under threatening conditions.

Christopher Columbus

An Italian explorer sponsored by Spain, whose 1492 voyage across the Atlantic Ocean led to the widespread awareness of the Americas in the Old World.