Question

Which of the following is true regarding the adequacy of consideration?

A. Courts generally consider the adequacy of consideration in determining whether to enforce a contract.

B. Courts consider the adequacy of consideration only if something is sold for less than 90% of its market value.

C. Courts consider the adequacy of consideration only if something is sold for less than 80% of its market value.

D. Courts consider the adequacy of consideration only if something is sold for less than 70% of its market value.

E. Courts seldom consider the adequacy of consideration but will do so if an item was sold for a low sum in order to avoid claims of creditors.

Answer

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