Wexner found himself finally married up to a woman he found he no longer loved; it was via Wexner's relationship with his younger, more virile pervvy friend that Wexner met and began a long affair with a younger woman who reinvigorated Wexner, gave his long life new meaning.
So Wexner was grateful to Epstein and sold Epstein his Manhatten residence --the biggest private residence on Manhatten Island-- for the grand sum of ONE DOLLAR.
Yes, a then $66M piece of real estate for the price of a candy bar.
for the grand sum of ONE DOLLAR.
The phrase one dollar and other valuable consideration is used as standard boilerplate language in many legal documents. Fundamental principles of contract law require each of the parties to exchange something of value, and there can be no enforceable agreement without that exchange. The value that is exchanged is referred to as consideration, and in most cases the courts will not challenge the actual amount of the exchanged consideration, so long that it has some recognizable form of value. The one dollar and other valuable consideration language is often used as a generic term, where the document needs to be enforceable but there is no reason to recite the amount or the nature of the actual consideration that is exchanged.