Why is past consideration no consideration at all? The adequacy of past consideration is difficult to determine. Past consideration is considered to be illusory. Past consideration may involve parties who are not involved in the current contract. Past consideration was provided before the current contract was made, and the current contract requires a benefit that has not yet been conferred.

Past consideration is considered to be illusory. Past consideration for the most part doesn't…

Answered: Why is past consideration no…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Why is past consideration no consideration at all?

		The adequacy of past consideration is difficult to determine.
		Past consideration is considered to be illusory.
		Past consideration may involve parties who are not involved in the current contract.
		Past consideration was provided before the current contract was made, and the current contract requires a benefit that has not yet been conferred.

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