Georgia Code, Title 13, Chapter 3, Article 3 - Consideration

• § 13-3-40 - Necessity for Consideration; Presumption of Consideration
  (a) A consideration is essential to a contract which the law will enforce. An executory contract without such consideration is called nudum pactum or...
• § 13-3-41 - Types of Consideration
  Considerations are distinguished into "good" and "valuable." A good consideration is such as is founded on natural duty and affection or on a strong...
• § 13-3-42 - Acts Which Constitute Consideration; Effect of Consideration Given or Received by Persons Other Than Promisor or Promisee
  (a) To constitute consideration, a performance or a return promise must be bargained for by the parties to a contract.(b) A performance or return...
• § 13-3-43 - Effect of Satisfying Requirement of Consideration
  If the requirement of consideration is met, there is no additional requirement of a gain, advantage, or benefit to the promisor or of a...
• § 13-3-44 - Effect of Promise Which is Reasonably Expected to Induce Action or Forbearance by Promisee or Third Person; Requirement As to Proof of Reliance in Cases of Charitable Subscriptions or Marriage Settlements
  (a) A promise which the promisor should reasonably expect to induce action or forbearance on the part of the promisee or a third person...
• § 13-3-45 - Effect of Partially Valid Consideration; Effect of Illegal Consideration
  If the consideration is good in part and void in part, the promise will or will not be sustained, depending upon whether it is...
• § 13-3-46 - Effect of Inadequacy of Consideration
  Mere inadequacy of consideration alone will not void a contract. If the inadequacy is great, it is a strong circumstance to evidence fraud; and,...
• § 13-3-47 - Effect of Impossible and Possible But Improbable Consideration
  An impossible consideration is insufficient to sustain any promise; however, if the consideration is possible but improbable, it is sufficient to sustain the promise.

Last modified: October 14, 2016