Question

What factors are used to judge if consideration is adequate to ensure a fair bargain? choose 2 answers.

Answer 1

The two factors that are used to judge if consid-eration is adequate to ensure a fair bargain are:

1. promises must be ma-de with volun-tary con-sent.

2. promises ex-changed may not be a pre-existing duty.

What is a fair bargain?

A fair bargain is a bargain that is free from discrimination and dis-honesty. A bargain is an agree-ment between two people or groups in which each prom-ises to do something in ex-change for something else. A bargain is an agree-ment, especially a formal busin-ess agreement, in which two people or groups ag-ree what each of them will do, pay, or rece-ive.

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