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Posted By: boxingcardman

The sufficiency of the consideration supporting a promise does not depend on its intrinsic value. Generally, courts do not inquire into the real value of consideration as long as it is something of legally cognizable value. The determination as to the adequacy of the consideration in this regard is left to the parties at the time of contracting and should not be made by the court when one party attempts to enforce the contract [see Schumm v. Berg (1951) 37 Cal. 2d 174, 185, 231 P.2d 39 ; Rice v. Brown (1953) 120 Cal. App. 2d 578, 582, 261 P.2d 565].

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