2010 Georgia Code 13-3-40 Case Law
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One Click Case Law for § 13-3-40
O.C.G.A. § 13-3-4 <-- --> O.C.G.A. §13-3-41



2010 Georgia Code

TITLE 13 - CONTRACTS

CHAPTER 3 - ELEMENTS AND FORMATION GENERALLY
ARTICLE 3 - CONSIDERATION
§ 13-3-40 - Necessity for consideration; presumption of consideration

O.C.G.A. 13-3-40 (2010)
13-3-40. Necessity for consideration; presumption of consideration


(a) A consideration is essential to a contract which the law will enforce. An executory contract without such consideration is called nudum pactum or a naked promise.

(b) In some cases a consideration is presumed, and an averment to the contrary will not be received.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com