What does "adequacy of consideration" mean in contract law? Do courts care if consideration is adequate?
What will be an ideal response?
Adequacy of consideration refers to the fairness of the bargain. Generally, courts do not question the adequacy of consideration if it is legally sufficient. Parties are normally free to bargain however they wish. Parties cannot sue because they believe they have entered into a bad bargain. However, the court may question the competence of a party, fraud, duress, or undue influence if a bargain seems like an unfair exchange.
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