Batsakis v. Demotsis, 226 S.W.2d 673

Issue: Was the contract invalid due to lack of consideration?

Facts: The parties entered into a contract when they were residents of Greece. Through the contract the plaintiff lent the defendant $25 (in drachmae) and the defendant was to repay the plaintiff $2,000 plus interest. The plaintiff sued the defendant to recover amount. The defendant said there was no consideration because the deal was unfair and she could only receive the money if she would sign that she would pay him $2,000 American money.

Holding: Consideration existed in the form of the drachmae (plaintiff won).

Reasoning: For consideration we do not care about the adequacy or the disparity in differences.

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