A promise made in return for an act or event that has already taken place is fully enforceable.

Name: A promise made in return for an act or event that has already taken place is fully enforceable.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

A promise made in return for an act or event that has already taken place is not fully enforceable because it lacks consideration; consideration must be something of value exchanged between the parties and must be for something that has not yet occurred.

A Promise Made in Return for an Act or Event