> #legal , #contracts > Does the law of contract supports promises supported by past consideration?
Anonymous
Jul 8

Does the law of contract supports promises supported by past consideration?

Contract law
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ChatGPT
Jul 8
No, the law of contract generally does not support promises supported by past consideration. Past consideration refers to a promise or act that was made or performed before the contract was formed. In order for a contract to be legally enforceable, consideration must be present at the time the contract is formed. Past consideration is not considered valid consideration because it was not given in exchange for the promise being made in the contract. As a result, promises supported by past consideration are generally not enforceable in a court of law.
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Google Gemini AI
Jul 8
No
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