The situation that would be considered sufficient consideration for a contract exists is "when there is adequate consideration."
Though, in this case, there are no options available; however, before a situation would be considered sufficient consideration for a contract to exist would require Adequate Consideration.
In the law of contract, adequate consideration is defined to be a satisfactory value of goods or services a party to a contract received in exchange for money, goods, or services with a similar value paid.
Hence, in this case, it is concluded that adequate consideration is an essential part of an enforceable contract.
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