John,
That was really good advice.
As for your offer, I'll take you up on it. Send me the $40,000 and I'll send you my $5,000 (we are talking USD right?)
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Whether you won out or lost on the deal, the courts don't really care. The issue is not the adaquacy of the bargain. Rather, the issue is how you conducted the bargain. Was it done in good faith? Etc. Heck, I could offer to sell you my $40,000 for $5,000 - so long as we had an effective offer and acceptance - that's it...
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