Jennings found and returned Martin's lost wallet. Martin promised to give Jennings a reward the next day after he cashed a check. Martin is not legally bound to pay a reward as he promised, because the consideration for the promise was

Question

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The consideration for Martin's promise was past because Jennings had already found and returned the wallet before Martin promised a reward. In contract law, for a promise to be enforceable, the consideration must be present or future, not past.

Jennings Found and Returned Martin's Lost Wallet