Contracts
Adequate consideration refers to a legal principle in contract law that ensures a fair exchange of value between parties involved in a contract. It is not about the equal monetary value of the exchanged items but rather that something of value is being given by both sides, which makes the contract enforceable. The adequacy of consideration can influence whether a contract is deemed valid, and courts typically do not assess the relative value of the exchanged items unless there is evidence of fraud or coercion.
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