Easily Hide Currency into the It Support Contract

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How to Hide Currency into the It Support Contract

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hello everybody im john this is jp strategic investments and today we are going to talk about patriot one technologies filing their final base shelf prospectus now at first glance this looks like basically just a finalized touched up version of the prospectus that they announced about a month ago or so but if you look closer theres actually some really big things that i want to talk about today including some information on new contracts and total backlog so what im going to do here and what i did is i actually went and used some of you guys might be familiar with this its called diff checker and they have an app that you can you know download onto your desktop or if you want you can use the web-based version and basically what it does is you can upload two documents in this case i uploaded the preliminary short form prospectus that they gave us prior to this and then the recently filed finalized short form prospectus and it will go through and automatically show you where any diff

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What are the three requirements of consideration?

The three requirements of consideration are: (1) each party must give an act, forbearance, or promise to the other; (2) each party must trade what he or she contributes to the transaction for the other partys contribution; and (3) what is traded must have value in the eyes of the law.

What is an example of a nominal consideration?

Nominal consideration is a legal term that refers to a small or indocHub amount of money or value given in exchange for something else. For example, if someone sells a car for $1, this is nominal consideration.

What is a sham consideration?

If the parties never intended for the money to be paid, it is considered pretense and becomes sham consideration. ing to U.S. law, both nominal and sham consideration are pretense and dont establish consideration.

What is a sham consideration in a contract?

Sham/Nominal Consideration: reciting false consideration to bind a gratuitous price or consideration that is clearly lacking in value in comparison to the promise. Strictly rejected by the restatement, but some courts will treat it as a clear intention of the parties to make the contract binding.

What is a peppercorn consideration?

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.

What is an example of insufficient consideration?

Because David was already obligated to mow the lawn, his promise to mow the lawn (but for a higher price) was probably legally insufficient consideration.

What are the 4 types of consideration?

Types: Consideration could be a promise, performance, forbearance, or property with legal value, but the economic benefit is not required.

Can 1 dollar be adequate consideration?

$1 is an inadequate consideration, but courts cannot enforce it. In a contract, consideration is what a person is entitled to after fulfilling a contractual obligation. A consideration is vital for a promise (a contract or an agreement) to be enforced by the courts. Consideration must meet specific characteristics.

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