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Simple English definitions for legal terms

peppercorn

Read a random definition: DIA

A quick definition of peppercorn:

Peppercorn means something that is very small or insignificant. In legal terms, it refers to a nominal consideration, which is a small amount of money or something of little value that is given as part of a contract. Consideration is something that is exchanged between two parties in a contract, and it can be an act, a promise, or something of value. Peppercorn is often used to describe a small amount of money that is given as consideration in a contract, even though it is not equal in value to what is being exchanged.

A more thorough explanation:

Definition: Peppercorn refers to a small or insignificant thing or amount that is given as nominal consideration in a contract. It can be any act, forbearance, or promise that motivates a person to engage in a legal act. Consideration is necessary for an agreement to be enforceable.

Example: In a contract for the sale of a house, the buyer offers to pay the seller $1 as nominal consideration. This $1 is the peppercorn in the contract. Despite the small amount, the contract is upheld because it involves consideration.

Explanation: The example illustrates how peppercorn is used in a contract to provide nominal consideration. The buyer offers to pay $1, which is a small amount, but it is still considered consideration. The contract is upheld because it involves consideration, even if it is just a nominal amount.

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come in the DAY AFTER SHE GIVES BIRTH
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saw that, crazy that she cant just hold the fucker in for a day longer
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babycat
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gulc going to hell I’m so serious
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thats definetly horsey on an alt
glovediedthisishismom
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no way any professor did that
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im in the field like a defensive lineman im always in saks 💯
1a2b3c4d26z
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That's awesome
1a2b3c4d26z
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real ones shop at bergdorf
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real ones shop at YMH
triplethread
13:28
i missed another fordham wave
triplethread
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mamas getting denied
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13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
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I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
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im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
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I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
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i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
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surprised I didnt get straight denied
HopefullyInLawSchool
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they emailed you/
HopefullyInLawSchool
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