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GEORGIA STATUTES AND CODES
§ 13-3-40 - Necessity for consideration; presumption of consideration
O.C.G.A. 13-3-40 (2010)
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 a naked promise.
(b) In some cases a consideration is presumed, and an averment to the contrary will not be received.
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 a naked promise.
(b) In some cases a consideration is presumed, and an averment to the contrary will not be received.
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