What is past consideration?

Past consideration refers to a situation where a promise is made in return for an act or benefit that has already been completed in the past. In contract law, past consideration is generally not considered valid consideration because the promise was made after the act or benefit was already performed. This means that a promise made in exchange for past consideration is not legally binding.

Past consideration is a legal concept that refers to an act or promise that was made before the formation of a contract and that cannot be used to support the contract's enforceability. This is because the act or promise is not seen as being a sufficient exchange for the promise being made in the contract.

For example, if you promise to pay someone $100 for a painting they have already completed, the promise to pay is not enforceable because the painting was completed before the promise was made. The painting is considered past consideration and cannot be used to support the contract.