Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson

Exercise 1

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