Contract-law analysis of Sauron’s offer to the Dwarves

There’s geeks, there’s Tolkien geeks, and then there’s lawyer Tolkien geeks. A Michigan law student has deconstructed Sauron’s offer to the Dwarves in Fellowship of the Ring, with reference to contract law: But then we get to the last statement. “Refuse, and things will not seem so well.” There are (at least) two ways I …