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Question 1 (1 point) Khalid offers in writing to sell his house to Lenora for $300,000, knowing it is only worth $110,000. Khalid also knows

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Question 1 (1 point) Khalid offers in writing to sell his house to Lenora for $300,000, knowing it is only worth $110,000. Khalid also knows Lenora is very inexperienced in real estate sales. Lenora accepts the offer in writing. This contract is invalid because of the gross inadequacy of consideration. True False

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