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Georgia State Code
Title      13
Chapter       3  
Section Navigation     1 ... 24           25 ... 47      
Section<<< 25 40 41 42 43 44 45 46 47  
Title 13, Chapter 3, Section 40 (13-3-40)

(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.

Defined terms referenced in this section:
Saturday May 23 13:57 EDT


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