Batsakis v. Demotsis case brief summary
226 S.W.2d 673 (1949)
CASE FACTS
Parties entered into agreement where plaintiff provided an amount in Greek drachmae equal to $ 25. However, the agreement provided for defendant to repay plaintiff $ 2,000 plus interest. Plaintiff sued to recover on the agreement. Defendant argued that the contract was invalid due to lack of consideration.
DISCUSSION
The Court rejected this argument, holding consideration existed in the form of the drachmae.
Relying on the rule that insufficient consideration did not invalidate a contract, the court upheld the terms of the agreement.
CONCLUSION
Judgment reformed to match the terms of the contract and affirmed, because inadequacy of consideration did not invalidate the contract.
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226 S.W.2d 673 (1949)
CASE SYNOPSIS
Plaintiff appealed from judgment of the
57th Judicial District Court of Bexar County, Texas, which found in
favor of plaintiff as to his contract suit, but for less than the
amount provided for under the contract's terms.CASE FACTS
Parties entered into agreement where plaintiff provided an amount in Greek drachmae equal to $ 25. However, the agreement provided for defendant to repay plaintiff $ 2,000 plus interest. Plaintiff sued to recover on the agreement. Defendant argued that the contract was invalid due to lack of consideration.
DISCUSSION
The Court rejected this argument, holding consideration existed in the form of the drachmae.
Relying on the rule that insufficient consideration did not invalidate a contract, the court upheld the terms of the agreement.
CONCLUSION
Judgment reformed to match the terms of the contract and affirmed, because inadequacy of consideration did not invalidate the contract.
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Shop Amazon for the best prices on Law School Course Materials
.
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