5 ms·
I can report that they do actually happen in the real world. I've signed two contracts in the past year that had consideration of $1 written into them (and act
by jonas21 5y ago
I can report that they do actually happen in the real world. I've signed two contracts in the past year that had consideration of $1 written into them (and actually made the $1 payment). Are they necessary? I have no idea, but real lawyers wrote the contracts and apparently thought it was good to have that in there.
- freejazz 5y agoSure, there are plenty of bad attorneys.
- dunham 5y agoThere is also a Feynman anecdote about this (wherein he demanded the dollar that they neglected to pay him): https://www.goodreads.com/quotes/7277192-anyway-smith-told-me-to-sign-some-papers-for-the https://www.goodreads.com/quotes/7277192-anyway-smith-told-m...
- ineedasername 5y agoClearly those real lawyers were just trying to milk you for their % contingency fee on that $1.
- randomswede 5y agoI have a land lease that is literally a peppercorn per year in lease fee.
- denton-scratch 5y agoLiterally? You mean you have to buy a bag of peppercorns, and hand over one of them?
- billpg 5y agoIf whoever-it-is actually demands their peppercorn, yes.
- randomswede 5y agoI offered to come by the leaser's office and hand over enough peppercorns to cover the entire lease period. They declined.