A is corrent. Consideration must be legally sufficient to satisfy the consideration requirement to form a contract (e.g., a party binds him/herself to do something s/he is not legally obligated to do or surrenders a legal right). B is incorrect. The court does not generally consider the adequacy of consideration, only the legal sufficiency. C is incorrect. Consideration does not need to be economic in order to form a valid contract (e.g., giving up drinking, smoking, or swearing, would constitute consideration if bargained for). D is incorrect. Consideration need not be economic in order to form a valid contract (e.g., giving up drinking, smoking or swearing, would constitute consideration if bargained for).
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