Past benefits already received by a promisor cannot be consideration for a later promise.

Name: Past benefits already received by a promisor cannot be consideration for a later promise.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consideration must be something of value given in exchange for a promise, and it must be bargained for at the time the promise is made. Past benefits or actions that have already been received or performed cannot be used as consideration for a new promise because they were not given in exchange for that promise.

Past Benefits Already Received by a Promisor Cannot Be Consideration