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

Question

Quizplus · Accepted Answer

Since William paid the fair market value of the house, his consideration is legally sufficient. The court is unlikely to find it inadequate or unconscionable, and it is not illusory since there is an actual payment made.

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