Question 11 The General rule regarding consideration is that O It must be worth at least $10,000 to make the amemes valid As long as it is of some legal value and bargained for it will generally be sufficient to sustain an agreement O it needs the seal of a notary public to verify the consideration's true worth O All courts recognize nominal consideration as ruting the legal requirement for consideration. Question 12 2 pts Smith and Jones wared into an agreement wheraby Swooper Jonas tumace. When the repairs were completed, Smith requested Jones to pay him 5000, the amount he believed they had agreed he would be paid Jones believed that they had agreed on only $500. They boes finally agreed on $550 the amount that Jones was to pay Smith, Later, after having been paid the $560, Smith sues Jones for the remaining $50, claiming that he is entitled to O Smith's claim for $50 is enforceable, as $550 is inadequate consideration O Smith's claim is enforceable because the agreement involved a liquidated debt O Smith's claim is unenforceable because there has been accond and satisfaction O claims unenforceable because of past consideration 2 pts