Question: For a contract to be valid, legally sufficient consideration must be bargained for and exchanged. In which of the following instances is consideration legally sufficient?

For a contract to be valid, legally sufficient consideration must be bargained for and exchanged. In which of the following instances is consideration legally sufficient? Question 18 options: 1) A party to the contract acknowledges receipt of consideration, which was not actually paid. 2) A contract for the sale of patent for $1,000,000 when the patent's actual value is about $300,000. 3) A party to a contract for services agrees to a modified fee because of financial difficulties he is experiencing. 4) A sheriff's agreement to perform a levy expeditiously in exchange for an additional $20 fee

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