Post
Topic
Board Scam Accusations
Re: Nefario GLBSE
by
MPOE-PR
on 26/09/2012, 17:56:52 UTC
There doesn't need to be consideration in this case because there is detrimental reliance sufficient to establish promissory estoppel (see my other post). But there was consideration -- Goat acquired shares on GLBSE, transactions for which GLBSE receives a commission.

You'd need a lawyer with huge balls to argue that this counts as consideration.

A peppercorn doesn't cease to be good consideration should it become known the payee doesn't like pepper and has thrown away the corn.