Note on peppercorn as adequate consideration
When I search the Westlaw allcases database with the search term "SY,DI(ADEQUA! /S CONSIDERATION) & PEPPERCORN," I get 28 cases, most of which support the proposition that courts do not second-guess the adequacy of consideration when there is any at all. All of them quote the peppercorn example in support of their conclusion. Mr. Henderson sent me a Northwestern Law Review student comment arguing to the contrary, but the analysis is unpersuasive in light of the decided cases.