“I will give them a billion dollars if they change their name to Dickipedia.”
is such promise legally binding in US? it would be fun to take billion dollars from him and i am pretty sure we could all survive wiki being renamed for a day...
The first one that Google literally highlights, if you click it, it says that verbal contracts are binding but purchases of goods over $500 is an exception.
If you're not talking about the first search result, maybe link to an actual source instead of the search results.
It'd be for 1 year minimum. And of course it is legally binding, these are the terms. Generally speaking, the only things that are not legally binding are contracts that involve illegal activity or contracts with a minor. Everything else can be enforced.
To address the arguments below...Elon Musk hasn't drawn up a contract because the offer has not been accepted. Of course he would draw up a basic, legally enforceable contract with these terms...if Wikipedia accepted, and said yes, I want $1B. Please draw up contract. This is how the world works. 🙄 Contracts, legal obligations, ability to enforce them.