Asked by
Christella Audrey
on Nov 29, 2024Verified
Legal sufficiency of consideration and adequacy of consideration are virtually synonymous terms.
Legal Sufficiency
The condition of an agreement or document meeting all required legal standards and formalities to be recognized as valid and enforceable in a court of law.
Adequacy
The quality or state of being sufficient for a particular purpose or in fulfilling requirements.
- Differentiate between legal sufficiency of consideration and adequacy of consideration.
Verified Answer
VL
Learning Objectives
- Differentiate between legal sufficiency of consideration and adequacy of consideration.
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