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Legal News

: Legal Pad | LA

Blood contract not enough and too much in Santa Ana

By Richard Binder

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The Fourth District Court of Appeal in Santa Ana agreed with a lower court Monday when it ruled that the blood contract between two Korean businessmen was unenforceable and gratuitous.

In October 2004, Jinsoo Kim and his friend Stephen Son were out drinking at a Garden Grove sushi restaurant and karaoke bar when Son asked the waiter for a safety pin, pricked his finger and wrote a contract in blood in Korean characters.

The note, translated and quoted in the appellate court decision, read: "Sir, please forgive me. Because of my deeds you have suffered financially. I will repay you to the best of my ability."

According to court papers, Kim sued Son in 2006 to collect on the contract, in which Son promised to repay Kim roughly $170,000 for money Kim lost investing in Son's companies.

Click here for the full story.

Full post as published by Legal Pad | LA on March 11, 2009 (boomark / email).

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