George agrees to sell his 20 foot sailboat to Charlie for $500. The sailboat has a market value of $1000. Charlie agrees to pay $500 for George's sailboat. Charlie's consideration: Question 7 options: A) is not legally sufficient since the consideration is far from adequate. B) is sufficient consideration since in general a court of law will not question the adequacy of consideration. C) None of the above.

George agrees to sell his 20 foot sailboat to Charlie for $500. The sailboat has a market value of $1000. Charlie agrees to pay $500 for George's sailboat. Charlie's consideration: Question 7 options: A) is not legally sufficient since the consideration is far from adequate. B) is sufficient consideration since in general a court of law will not question the adequacy of consideration. C) None of the above.