Harry owns a sports car valued at £1.000 and agrees to sell it to Ben for £500.

Harry owns a sports car valued at £1.000 and agrees to sell it to Ben for £500.

Ben discusses this with his solicitor who states the contract is
A . unenforceable as the consideration is inadequate.
B. enforceable as consideration does not need to be adequate.
C. enforceable but only if Harry does not refute the contract within six months of the contract date.
D. unenforceable unless Harry signs a disclaimer acknowledging the consideration as acceptable.

View Answer

Answer: B