--- In AsburyPark@yahoogroups.com, "Skip Bernstein" <[EMAIL PROTECTED]> wrote:
>
> Even if a promise to perform, in this case reneged on, satisfies
> consideration, my understanding is that unpaid taxes, trump all other
> claims; if these points weren't made I can't help wonder what fishy
> lawyer acted for the city.
>
Nothing trumps federal jurisdiction. It is irrelevant whether the
contract was valid or not. If it were not valid, then the asset was
worth nothing. The City moved too late to invalidate the contract.
Consideration doesn't have to be money it can be a benefit, such as
redeveloping the area.
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