______ is a promise that is generally not valid consideration and is considered a gratuitous promise, except in cases of moral consideration.
A) Present consideration
B) Past consideration
C) A barren promise
D) An onerous contract

Question

Quizplus · Accepted Answer

Past consideration refers to something that has already been given or performed before the promise is made. In many legal systems, past consideration is not considered valid consideration for forming a contract because it does not involve a new exchange or bargain at the time of the agreement.

______ Is a Promise That Is Generally Not Valid Consideration