Re:An 'Investor' Destroyed My Startup
by zwily on Wednesday May 29, 2019 @10:59AM
(#20040951)
Can you describe some of the scenarios where that makes any sense? Sounds bonkers to me too.
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It is bonkers unless theres something not being explained.
https://en.m.wikipedia.org/wiki/Consideration_under_American...
An illusory promise does not count as consideration, and the courts would probably force the investor to pay up the money or, if there were no promises made, the co tract could be overturned on grounds of lack of consideration.