5 ms·
Can you describe some of the scenarios where that makes any sense? Sounds bonkers to me too.
by zwily 7y ago
Can you describe some of the scenarios where that makes any sense? Sounds bonkers to me too.
- vikramkr 7y agoIt is bonkers unless theres something not being explained. https://en.m.wikipedia.org/wiki/Consideration_under_American_law https://en.m.wikipedia.org/wiki/Consideration_under_American... An illusory promise does not count as consideration, and the courts would probably force the investor to pay up the money or, if there were no promises made, the co tract could be overturned on grounds of lack of consideration.