Final answer:
In real estate contracts, the consideration must be sufficient relative to value in order to win a lawsuit seeking rescission of the contract, specific performance, or damages for breach of contract.
Step-by-step explanation:
In real estate contracts, the consideration must be sufficient relative to value in order to win a lawsuit seeking:
- a. Rescission of the contract.
- b. Specific performance.
- c. Damages for breach of contract.
- d. Extension of the contract.
The consideration is the exchange of something of value between the parties involved in a contract. In real estate contracts, this typically refers to the amount of money being paid for the property. If the consideration is not sufficient relative to the value of the property, it may lead to legal remedies like rescission of the contract, specific performance, or damages for breach of contract.