[jonas21]

I can report that they do actually happen in the real world. I've signed two contracts in the past year that had consideration of $1 written into them (and actually made the $1 payment). Are they necessary? I have no idea, but real lawyers wrote the contracts and apparently thought it was good to have that in there.

[dunham]

There is also a Feynman anecdote about this (wherein he demanded the dollar that they neglected to pay him):

https://www.goodreads.com/quotes/7277192-anyway-smith-told-m...

[ineedasername]

Clearly those real lawyers were just trying to milk you for their % contingency fee on that $1.

[randomswede]

I have a land lease that is literally a peppercorn per year in lease fee.

[denton-scratch]

Literally? You mean you have to buy a bag of peppercorns, and hand over one of them?

[billpg]

If whoever-it-is actually demands their peppercorn, yes.

[randomswede]

I offered to come by the leaser's office and hand over enough peppercorns to cover the entire lease period. They declined.

[freejazz]

Sure, there are plenty of bad attorneys.