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Friday, 22 March 2013

Adequacy of Consideration

Adequacy of Consideration

A Court will not question the fairness of the bargain if legally sufficient.

§   Law does not protect a person for entering into an unwise contract.

§   In extreme cases, a court may find that a party lacks legal capacity or that contract was unconscionable.

Case 11.2: Powell v. MVE Holdings (2001).

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