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old can make people crazy. At the turn of the twentieth century, John Tuppela joined the gold rush to Alaska. He bought a mine and worked it hard, a disciplined man in an unforgiving enterprise. Sadly, his prospecting proved futile, and mental problems overwhelmed him. In 1914, a court declared him insane and locked him in an institution in Portland, Oregon. Four years later, Tuppela emerged and learned to his ecstasy that gold had been discovered in his mine, now valued at over half a million dollars. Then the bad news hit: a court-appointed guardian had sold the mine for pennies while Tuppela was institutionalized. Destitute and forlorn, Tuppela turned to his lifelong friend, Embola, saying, “If you will give me $50 so I can go to Alaska and get my property back, I will pay you $10,000 when I win my property.” Embola accepted the offer, advancing the $50. After a long and bitter fight, Tuppela won back his mine, though a guardian would still supervise his assets. Tuppela asked the guardian to pay the full $10,000 to Embola, but the guardian refused. Embola sued, and the issue was whether his $50 was adequate consideration to support Tuppela’s promise of $10,000. A happy ending: Embola won and recovered his money.
How is this deal considered a contract under the peppercorn rule?
What questions does this raise about the peppercorn rule?
Should contracts require a more even exchange of value?
What other problems could make a contract like this one difficult to enforce?
Will need references

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