I've always wondered one thing about the movie. It was said that you had to get value for the service or services performed. I always wondered who determined if he got value or not. I'm only asking because I've always thought that hiring out a hotel for a million a night would do the job. Same can be said for going to Nevada and visiting a brothel every night for a month. Just wondered if anyone else had thought of this.
shareI always thought the executor of the will was the sole arbitrator. He even made it a point to say that he did not benefit at all one way or another when he talked with Monte in the locker room and warned him about the election and how it would constitute an asset.
I think the election could have been an asset because of the salary that would come with being the mayor. As for the original post, wasn't there a clause that he couldn't just go out waste the money? Perhaps spending a million a night on a hotel would be considered wasting?
shareAnd paying a security guard $4000 a week isn't wasting it?
shareIt means that if he hires somebody for staff, they have to be doing something for him that constitutes a job. For example, Jake as the photographer for Monty, or the Yakov Smirnoff character as his limo driver.
shareThe executor of the will, Edward Roundfield, would make any determinations concerning the conditions of the will. Any interested party, might legally challenge his decisions, however.
One of the conditions of the will was that Brewster could hire anyone he wanted so long as he got value for his money. I believe this means that they must perform a service for him and that there are reasonable limits on what he could pay them.
Paying your head of security $4000 a week is excessive, but the guy is guarding millions of dollars so it's not like he isn't earning it. His photographer got $10,000 a week, but he was documenting events that might decide whether Brewster gets his 300 million dollar inheritance. Again his pay can be justified. The money guy, got 100,000 a week, but he had the potential to earn (or hopefully lose) Brewster millions of dollars.
Basically the idea here is that you can pay someone high wages for a job, but you can't just give the money away. (one of the other conditions of the will.)
Theoretically, you could find a service that is worth paying millions for. You could pay for a ride on the space shuttle, for instance. Renting a room for $1,000,000 night can't be justified, but renting an entire hotel for $1,000,000 a month (like what Brewster did) could be justified.
________________________________________________________________________________________________________I've always wondered one thing about the movie. It was said that you had to get value for the service or services performed. I always wondered who determined if he got value or not. I'm only asking because I've always thought that hiring out a hotel for a million a night would do the job. Same can be said for going to Nevada and visiting a brothel every night for a month. Just wondered if anyone else had thought of this.
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I thought of that too. Monty had to get value for the money he spent, but just how much value was not specified. Another words, technically speaking, Monty could pay somebody 30 mil for a shoe shine and thus complete the challenge. As excessive as that might be, he is getting some value. He is not spending or giving away the 30 million for nothing.
Hey that does not sound bad to do is go to Vegas to the famous Bunny Ranch or one of the others where you can go visit a brothel. That would be fun to do I think and spend the 30 million that way.
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Who is to say he had to receive the whole service value within the deadline? I haven't seen the movie but, couldn't he pay in advance for services that would last more than one month? If not, spending the last $20,000 on a lawyer to defend Brewster from assault charges would not allow him to claim the $300,000,000 inheritance since the lawsuit wouldn't end before the deadline.
shareHe didn't pay for her future services. he just paid her a retainer. A retainer is an upfront cost incurred by an individual in order to ensure the services of a consultant, freelancer, lawyer, etc. A retainer fee is paid most commonly to individual third-parties who have been engaged by the payer to perform a service for them or on their behalf. These fees are almost always paid upfront and only ensure the commitment of the receiver, but does not guarantee an outcome or final product. It is New York, so a retainer for an attorney would be quite high.
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