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Old 01-11-2018, 01:57 PM   #59
barryem
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Join Date: Oct 2012
Location: Arkansas
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Quote:
Originally Posted by darryl View Post
Sometimes an inventor sells something which later proves to be very valuable for a pittance (for which the inventor perhaps later does penance) and then later wins a lawsuit, usually when fraud or some type of colourable conduct is involved. Mostly they lose such cases.
My sister's father in law, decades ago, had some property on which there was a lot of white stone. His best friend offered to lease it from him for a small sum, I think $18 a year if I remember the story correctly. The then began minging white gravel, a unique stuff that has been sold all over the USA at high prices in garden shops and such, making his friend millions.

He wanted to re-negotiate but the friend wasn't interested so he took him to court; and lost! The judge said the law says each side has to get something but it doesn't say how much and contract law doesn't prevent someone from making a bad deal. He appealed and he lost again.

Barry
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