Asked by
Karena Tinsley
on Nov 21, 2024
Verified
Past consideration generally qualifies as consideration.
Past Consideration
A benefit or value provided or promised in the past, which cannot be considered valid consideration for a current contract under common law.
- Examine the function of prior consideration within the domain of contract law and its common prevention from establishing legitimate consideration.
Verified Answer
IO
Learning Objectives
- Examine the function of prior consideration within the domain of contract law and its common prevention from establishing legitimate consideration.