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Georgia Code - Contracts - Title 13, Section 13-3-40

Legal Research Home > Atlanta Lawyer > Contracts > Georgia Code - Contracts - Title 13, Section 13-3-40

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(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.

Last modified: May 3, 2006