Why is past consideration not adequate consideration in a present promise?
A)It falls under exceptions to consideration.
B)It does not pertain to the present exchange.
C)It is not covered under the UCC codes for consideration.
D)It involves an issue of moral obligation.

Question

Quizplus · Accepted Answer

Past consideration is an act or other benefit given in the past that was not given in exchange for the promise in question.Because the past act was not given in exchange for the present promise,it cannot be consideration.

Why Is Past Consideration Not Adequate Consideration in a Present