Question

Raj defends against a breach-of-contract suit by Student Loan Corporation by claiming that their deal—a student...

Raj defends against a breach-of-contract suit by Student Loan Corporation by claiming that their deal—a student loan—was unfair because the consideration for the contract was inadequate. With respect to Raj’s defense, the court will most likely rule in favor of the lender on the ground that   

a. Raj promised to do something that he had no prior legal duty to do.     

b. Raj performed an act that he was not otherwise obligated to undertake.     

c. Raj refrained from an act that he had a legal right to undertake.     

d. the adequacy of the consideration is not for the court to determine.

Homework Answers

Answer #1

Option d is the answer.Consideration is an English precedent-based law idea inside the law of contract, Consideration can be anything of value, (for example, a merchandise, cash, administrations, or promises of any of these), which each gathering gives as a renumeration to help their side of the deal. Shared promises comprise consideration for one another. For consideration to be acceptable consideration, it must be of some value, regardless of whether it is insignificant value. There is no necessity that the consideration be equivalent in financial terms to the first promise. Ostensible consideration will get the job done as great consideration for a contract, Courts won't measure the sufficiency of the consideration all things considered up to the parties to

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