Question
36.Mark and Mary enter into a contract which contains all of the necessary contractual elements. Mary is concerned however because the consideration is $10 for
36.Mark and Mary enter into a contract which contains all of the necessary contractual elements. Mary is concerned however because the consideration is $10 for the purchase of her house. She fears that this may not be sufficient, given the fact that her house is worth well over $500,000. Which is correct?
A)$10 consideration is sufficient because we do not look to the sufficiency of consideration
B)$10 for a house is ridiculous and the contract is not enforceable.
C)Consideration is not required for the transfer of real property
D)None of the Above
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