Asked by
Jacob Bachelier
on Nov 27, 2024Verified
Sol offers Tiff $1,000 for her collection of rare coins. She accepts. If a dispute arises, a court would likely
A) enforce the deal after questioning the adequacy of consideration.
B) not question the adequacy of the consideration.
C) rewrite the deal after questioning the adequacy of consideration.
D) set aside the deal after questioning the adequacy of consideration.
Adequacy of Consideration
A legal concept referring to the fairness of the value exchanged in a contract, ensuring each party receives something of comparable worth.
Rare Coins
Unique and uncommon coins that are sought after by collectors due to their historical, numismatic, or investment value.
- Comprehend the fundamental concepts behind the adequacy of consideration and the judicial methods applied to assess it.
Verified Answer
MH
Learning Objectives
- Comprehend the fundamental concepts behind the adequacy of consideration and the judicial methods applied to assess it.
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