- 23 - modification. Specifically, respondent asserts that the 776 patent and 750 patent application provided no consideration because the 776 patent was a division of patent application S.N. 800,288 ("Method of Making Self-Inflating Air Mattress"), which was, therefore, assigned to Cascade in 1979, and the 750 patent application was rejected by the U.S. Patent and Trademark Office. "We recall the first lesson in contracts, the peppercorn theory--that courts will not inquire into the adequacy of consideration so long as it was true and valuable." Pope v. Savings Bank, 850 F.2d 1345, 1356 (9th Cir. 1988). Here it was. "Adequacy of consideration" is to be distinguished from the legal "sufficiency" of any particular consideration. Legal sufficiency of consideration is concerned not with comparative value but with that which will support a promise. King County v. Taxpayers, 949 P.2d 1260, 1267 (Wash. 1997); Browning v. Johnson, 422 P.2d 314, 316, amended 430 P.2d 591 (Wash. 1967). The relative values of a promise and the consideration for it, do not affect the sufficiency of consideration. See Browning v. Johnson, supra; Puget Mill Co. v. Kerry, 49 P.2d 57, 64 (Wash. 1935); 3 Williston, Treatise on the Law of Contracts, sec. 7:21, at 383- 386 (4th ed. 1992). We agree that the 776 patent did not provide new consideration. The 776 patent was a division of patentPage: Previous 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Next
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