answersLogoWhite

0


Best Answer

sufficient is used when we suggest a close meeting of a need <sufficient savings>. adequate may imply barely meeting a requirement adequate>. (Webster)

User Avatar

Wiki User

13y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

6y ago

Consideration is one of the requirements needed to make an enforceable contract. Sufficient consideration is a consideration deemed by law to be of sufficient value to support an ordinary contract between parties. Each party must give something of value. Consideration is not limited to monetary terms. Promises made by the parties given in exchange for each other constitute consideration. Something that is completely worthless cannot constitute sufficient consideration.

This answer is:
User Avatar

User Avatar

Wiki User

10y ago

Why do courts usually not "inquire into the adequacy of consideration

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Adequacy of consideration
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Do courts judge the adequacy of consideration?

explain sufficiency of consideration, by giving a case


What is self adequacy?

self-adequacy


What rhymes with adequacy?

There are no perfect rhymes for the word adequacy.


How do you make a sentence with the word adequacy?

Adequacy:noun: the quality or state of being adequate.Example sentences:The editor was asked to evaluate the adequacy of the reports.A teacher checked the adequacy of the speech.The judge based his verdict on the adequacy of the evidence.


What does adequacy means?

adequacy is a noun that means the quality of being enough or good enough.


What is the BASE word for adequacy?

The Base Word For Adequacy is Adequate Just Replace Cy With Te


What does self adequacy mean?

The term self adequacy means that you view yourself as capable of satisfactorily dealing with problems.


What is the capital adequacy ratio for SBI?

13.86%


What constitute a valid contract?

An enforceable contract requires the existence of the following elements: an offer, an acceptance that mirrors the terms of the offer, consideration, and lawful subject matter. The "consideration" can consist of money, property, a promise--just about anything of value that is not unlawful. Generally, a court will not inquire into the adequacy of the consideration. "Consideration" might be thought of as the "this for that" or the "quid pro quo". Even of the other elements are present, a contract cannot be enforced if the object of it is unlawful. That is, one cannot, for example, enforce a contract to rob a bank.


What is the best indication of the adequacy of alveolar ventilation?

PaCO2.


What is CAR in banking industry?

Capital Adequacy Ratio


What is the capital adequacy management?

capital adequacy management is that the manager must decide the amount of capital that bank should maintain and then acquire the needed capital. By Alamzeb Ahmadzai