(Answered) Consideration does not have to be adequate or commercially

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Consideration does not have to be adequate or commercially realistic, nor does it have to be expressed in monetary terms, it merely needs to be sufficent.

Explain the accuracy of this statement. Detalied expalanation of nominal consideration and sufficent consdieration and how these legal concepts interact in cases like Williams v roffey bros and Nicholls contrators Ltd.

Explain whether Australian contract law should or should not provide greater clarity as to what is or is not sufficent consideration.

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