In the gold rush example, Embola gave Tuppela $50 in exchange for a promise of $10,000 later.

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In the gold rush example, Embola gave Tuppela $50 in exchange for a promise of $10,000 later. Under the peppercorn rule, the deal was a contract. Is the peppercorn rule sensible? Should courts require a more even exchange of value?

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Business Law and the Legal Environment

ISBN: 978-1133587491

5th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson

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Question Posted: Feb 12, 2020 07:34 AM

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In the gold rush example, Embola gave Tuppela $50 in exchange for a promise of $10,000 later.

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Business Law and the Legal Environment

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