Hal has an expensive sports car which he bought last year. It was recently valued at $250,000. He has gotten himself in financial trouble and needs to find $25,000 by the end of the day. He posts an ad to sell the car. Kyle agrees to buy the car. Which of the following is true?

Question 17 options:

A judge would consult fair market value and determine if the price were sufficient

There was inadequate consideration

The consideration was sufficient

Because the price is so low, the contract is not fair to Hal and is not binding

Kyle must increase the price to a reasonable level for the contract to be enforceable