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
A) inadequate

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


C

Business

You might also like to view...

Federal Unemployment Tax Act (FUTA) taxes are paid by employees only

Indicate whether the statement is true or false

Business

Retained Earnings has a normal debit balance

Indicate whether the statement is true or false

Business

The EPA will allow individual states' air pollution level to rise as long as it still meets the EPA's existing national standards

a. True b. False Indicate whether the statement is true or false

Business

Which of the following would NOT be a merchant under Article 2 of the UCC?

a. The owner of a hardware store which sells paint. b. A car mechanic who fixes used cars and sells them in his spare time. c. A person who inherits three speedboats and wants to sell them to buy a car. d. Two of these are true.

Business