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There are reasonableness limits inherent in contract law, under "Consideration".
by mapt 18d ago
There are reasonableness limits inherent in contract law, under "Consideration".
- cogman10 18d agoUnfortunately, no. Common law requires famously very little consideration for a contract to be valid [1]. I can sign a contract where I give $100 and am given a penny back and that'd be valid consideration. [1] https://en.wikipedia.org/wiki/Peppercorn_(law) https://en.wikipedia.org/wiki/Peppercorn_(law)