Kent buys Lizzie's house for $100,000, which is the fair market value of the house. If the contract is later disputed in court, the court is likely to declare Kent's consideration

Name: Kent buys Lizzie's house for $100,000, which is the fair market value of the house. If the contract is later disputed in court, the court is likely to declare Kent's consideration
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Question

Kent buys Lizzie's house for $100,000, which is the fair market value of the house. If the contract is later disputed in court, the court is likely to declare Kent's consideration​

Quizplus · Accepted Answer

Kent's consideration is legally sufficient because the fair market value of $100,000 is a reasonable value for a house.

Kent Buys Lizzie's House for $100,000, Which Is the Fair