Kris buys Liz's house for $300,000, which is the fair market value of the house. If the contract is later disputed in court, the court is likely to declare Kris's consideration

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Consideration is legally sufficient if it involves a promise to do something one is not legally obligated to do or the refraining from doing something one has the right to do. Since Kris is paying the fair market value for the house, this constitutes legally sufficient consideration for the contract.

Kris Buys Liz's House for $300,000, Which Is the Fair