menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 3
  4. Exam
    Exam 13: Consideration
  5. Question
    Kris Buys Liz's House for $300,000, Which Is the Fair
Solved

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

Question 2

Question 2

Multiple Choice

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


A) inadequate.
B) past.
C) legally sufficient.
D) illusory.

Correct Answer:

verifed

Verified

Related Questions

Q1: While sailboarding, Jolie is injured when Kirby

Q3: A fire threatens to engulf a commercial

Q4: Consideration is the value given in return

Q5: Buck and Cady are in an auto

Q6: Ann's Sandwich Shop and Bob's Coffee Bar

Q7: Under a contract with Soy Farms, Tai

Q8: Raj defends against a breach-of-contract suit by

Q9: Recovery of Bud's debt to Credit Corporation

Q10: Situations in which agreements lack consideration include

Q11: Dean, the president of Billing & Credit

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines