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This is nonsense. Can you imagine the chaos of a world where what you said is even close to true? I'm a cashier at Walmart. One day I sell to you for $100 - no
by dmurray 3y ago
This is nonsense. Can you imagine the chaos of a world where what you said is even close to true?
I'm a cashier at Walmart. One day I sell to you for $100 - not just everything in the store, but the building, the local distribution centre and even the corporate headquarters.
And in your view - Walmart has no legal recourse against me or against you? They should just peacefully vacate the buildings and hand over the keys? Their remedy to this is to discipline me according to their internal controls - maybe put me on a PIP and remind me that the company handbook forbids these deals?
No, this just isn't a deal that can happen. It's not about reasonableness, consideration or unconscionability - the deal is void even if the buyer agreed to pay $100 million. It's not about good faith on the buyer's side - it's void even if you thought I was the VP of Real Estate. I can't sell Walmart's property at any price, even though I'm otherwise empowered to do business on behalf of the company.