Unformatted text preview: Rational: The contract was valid because, even though the $25 to $2,000 is a large difference, the contract was valid in terms of consideration because, if B gave $25 now, as a loan, then B would get $2,000 at a later time. D gets the $25, and B gets the promise. Holding: A enforceable contract exist when there is mutral assent and consideration. Even if the consideration is a merely a promise. “Mere inadequacy of consideration will not void a contract” Synthesis: Dissent/Concurrences:...
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- Fall '11
- Batsakis, legally valid consideration