Wednesday, December 25, 2013

Batsakis v. Demotsis case brief

Batsakis v. Demotsis case brief summary
226 S.W.2d 673 (1949)

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.

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.

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.

Judgment reformed to match the terms of the contract and affirmed, because inadequacy of consideration did not invalidate the contract.

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