Re: Basic legal things everyone should know
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If I say I will give you half if you buy my dinner tonight, then there was bargain and consideration.
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a court would likely not enforce this if the disparity between items exchanged is this great. here, this seems to be a "token" consideration (giving tens of thousands of dollars in equity for a dinner).
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an acorn is sufficient for consideration. in this example the dinner could be much larger than half his wsop winnings if the dude goes busto so the dinner could be the much better deal. if this wasn't the case than no sports book would ever have to pay off people who put $1 on a longshot as the disparity would be so great.
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