Detailed Instructions: In this task, you will be shown a prompt from a judicial decision and multiple holding statements derived from citations following text in a legal decision. Holdings represent the governing legal rule when the law is applied to a particular set of facts. There are five answer choices for each citing text. The correct answer is the holding statement that corresponds to the citing text. The four incorrect answers are other holding statements. You should find the correct option. There is a <HOLDING> token in the position of the citing text prompt where the holding statement was extracted.
Problem:be the trustee of the trust."). However, because this error does not affect our analysis of the dispositive issues on appeal, we need not disturb the court's judgment on this ground. 2 . Because we conclude that the court properly voided the transfer from the trust to Richard as a result of Richard's breach of the duty of loyalty, we need not address whether the transaction was supported by adequate consideration. However, if we were to reach that issue, we would find that the forgiveness of the debt owed to Richard in addition to the $12,000.00 given to the trust for each beneficiary constituted adequate consideration, and the trial court erred by concluding otherwise. See Smith-Douglas, Div. of Borden Chem., Borden, Inc. v. Kornegay, 70 N.C. App. 264, 268, 318 S.E.2d 896, 896 (1984) (<HOLDING>). 3 . Because we conclude that the subsequent
Holding statements: (A) recognizing debt cancellation as consideration (B) holding that satisfaction of preexisting debt of corporate affiliate was sufficient to support jury finding of fair consideration for the transfer of valid security interest (C) holding transfer of legal title to property as a capital contribution to llc was in exchange for valuable consideration and constituted a sale of the property (D) holding that plaintiffs may have a property interest in real property (E) recognizing satisfaction of a valid debt as adequate consideration in a transfer of real property
Solution:
(E)