William buys Liz'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 William's consideration

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Legally sufficient consideration means that the consideration has some value in the eyes of the law. In this case, William paid the fair market value for Liz's house, which is legally sufficient consideration to validate the contract.

William Buys Liz's House for $100,000,which Is the Fair Market