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Peppercorn

Nominal Consideration

Very small payment offered as consideration to satisfy legal requirements for a valid contract.

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Wikipedia | Peppercorn (Law)

Statements about Peppercorn

Instance Of

Legal Fiction

Subclass Of

Consideration
Simulacrum

Said to Be the Same As

Nominal Fee

Described by Source

Encyclopædia Britannica 11th Edition
Statement Is Subject Of
:
1911 Encyclopædia Britannica/Pepper-Corn
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