Legal sufficiency of consideration and adequacy of consideration are virtually
synonymous terms.
It is common for transactions to involve multiple contracts. Identify at least four
contracts that might be involved in Costello’s sale of land to Johnston.
Jerry bought a sound system from SX Company “on approval.” The risk of loss passed
to Jerry when he took possession of the sound system.
Insiders would violate the short-swing profits rule (16b) of the 1934 Act by buying
stock on January 1 and selling on May 1.
To a libertarian, it is unjust for a society to take wealth earned by one citizen and to
distribute it to others who did not earn it.