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Inadequate price

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

A term applied to indicate the want of a sufficient consideration for a thing sold, or such a price as would ordinarily be entirely incommensurate with its intrinsic value.

Slate v. Purcell, 131 Mo. 312, 33 S. W. 13; Stephens v. Ozboume, 107 Tenn. 572, 64 S. W. 903, 89 Am. St. Rep. 957.