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Statements

Subject Item
dbr:Peppercorn_(law)
rdfs:label
Peppercorn (law)
rdfs:comment
In legal parlance, a peppercorn is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the creation of a legal contract. It is featured in Chappell & Co Ltd v Nestle Co Ltd ([1960] AC 87), which stated that "a peppercorn does not cease to be good consideration if it is established that the promisee does not like pepper and will throw away the corn".
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dbc:Legal_fictions dbc:Contract_law
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6671559
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1124048739
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In legal parlance, a peppercorn is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the creation of a legal contract. It is featured in Chappell & Co Ltd v Nestle Co Ltd ([1960] AC 87), which stated that "a peppercorn does not cease to be good consideration if it is established that the promisee does not like pepper and will throw away the corn".
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wikipedia-en:Peppercorn_(law)?oldid=1124048739&ns=0
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wikipedia-en:Peppercorn_(law)