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Elon Musk admits X 'may fail, as so many have predicted'
(www.businessinsider.com)
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this post was submitted on 20 Aug 2023
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Delaware Court.
Contract law is weird.
Not really. He entered into a binding contract and agreed to bypass due diligence.
That wasn't even offered by Twitter, he just agreed without any prompting.
Yes yes yes. But that binding contract was in Delaware. Because contract law is weird.
In practice, most business contracts are enforced by the state of Delaware, not the federal government nor any national-level court. Yes, its a state-level court.
Side fact. Delaware's has more registered companies then people