Asked by
Jayson Blacklock
on Nov 27, 2024Verified
EcoEnergy LLC files a suit against Fiber Optics Inc., claiming that the consideration for their contract is inadequate-that the plaintiff will not realize sufficient financial benefit from the deal to make it worthwhile. Most likely, the court will
A) evaluate the fairness of the bargain.
B) ask "how much" consideration was given.
C) not question the adequacy of consideration.
D) not determine whether consideration was exchanged.
Adequacy of Consideration
The fairness of the value exchanged in a contract, ensuring that what is provided by each party is of comparable worth.
Financial Benefit
Any form of economic gain received, including income, dividends, or an increase in asset value.
- Understand the principles of adequacy of consideration and how courts approach it.
Verified Answer
AB
Learning Objectives
- Understand the principles of adequacy of consideration and how courts approach it.
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