Question: Five employees of American Electric Power Service Cor p AEP
Five employees of American Electric Power Service Cor p. (AEP) invented a new product. "In consideration of the sum of One Dollar (1.00), and of other good and valuable consideration paid to the under- signed Assignor," each employee signed an agreement giving AEP exclusive patent rights to the invention. Some of the employees sued, alleging that there was no contract because AEP never paid the one dollar. How do you think the court ruled? Explain your reasoning.
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