Swap It Out
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Swap It Out by Justin Bieber
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It’s an honest try, but on balance it still falls into the “mangle” category: Mr. Bieber seems to have no real concept of the binding nature of legal obligations, and at best is woolly about the implications of derivatives as speculative or wagering contracts, at least where there are no plausible representations they they are being used for bona fide hedging purposes.
And ultimately swapping hearts, which among young, uncynical and unscarred people such as Mr Bieber and his “beliebers”, are largely fungible, the transaction seems to be light on substance so there’s a question of adequate consideration (though “his whole world”, if accompanied by the intention to create legal relations, would certainly do.)
With that in mind, judge for yourself:
See also
References
- ↑ Ok, ok: you also have to complete KYC, deliver Section 3(d) documents, comply with all conditions precedent. And my obligations are subject, of course, to Section 2(a)(iii). But apart from that, it is all you gotta do.
- ↑ “Give”? Under a swap it’s an obligation, not a discretion.
- ↑ Consideration?
- ↑ Oral representations.
- ↑ Unfair Contract Terms Act 1977. also unconscionable conduct, duress etc.
- ↑ Well, not a crime, per se, but arguably inconsistent with precepts of Shari'ah law which may prevail in some jurisdictions, subject to heavy regulatory scrutiny in others. Note also that generally gambling contracts are unenforceable as a matter of public policy.