The term "past consideration" is not really consideration at all because the law will not find a contract where there is no bargained-for-exchange.

Question

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Past consideration refers to something that has already been done or given in the past, without any expectation of receiving something in return. This means that there was no bargained-for-exchange, and therefore, it does not qualify as consideration under the law. As a result, past consideration cannot be used as the basis for a contract.

The Term "Past Consideration" Is Not Really Consideration at All