Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!allegra!mit-eddie!think!harvard!seismo!hao!nbires!isis!tkoppel
From: tkoppel@isis.UUCP ( News Guest)
Newsgroups: net.consumers
Subject: Re: A coupon query
Message-ID: <393@isis.UUCP>
Date: Tue, 18-Mar-86 23:57:15 EST
Article-I.D.: isis.393
Posted: Tue Mar 18 23:57:15 1986
Date-Received: Fri, 21-Mar-86 06:25:30 EST
References: <2236@jhunix.UUCP> <356@umcp-cs.UUCP>
Reply-To: tkoppel@isis.UUCP (Ted Koppel - News Guest)
Organization: Colorado Alliance of Research Libraries
Lines: 17

...In article <2236@jhunix.UUCP> ins_akaa@jhunix.UUCP (Ken Arromdee) writes:
...>I keep seeing coupons that say "cash value 1/20 cent" or something similar.
...>Does anyone know what it means (you bring in 2000 coupons and get a dollar
...>in cash?  Somehow that doesn't sound right) ?  Is there some legal requirement
...>which requires that coupons have a cash value?

This goes back a long ways to a class in business law that I took about
8 years ago...for a contract to be valid, both sides must get something
of value (I think the legal term is 'Consideration').  Anyhow, by assigning
a value (even 1/20 of a cent), the conditions of a contract are being met--
that is, you are accepting their offer to buy their product at a reduced
price, and they are getting the coupon with is worth 1/20 of a cent,
which is 'valuable consideration'.

-- 
Ted Koppel : Colorado Alliance of Research Libraries : 303-750-9142
           : hao!nbires!isis!tkoppel