According to the rule of _____, if a promisee's performance was rendered before the promisor's promise was made, then it can never serve as consideration, even though it may meet the "legal value" part of the test.
A) past consideration
B) preexisting duty
C) forbearance
D) promissory estoppel

Question

Quizplus · Accepted Answer

The courts generally hold that past consideration is no consideration. This rule of consideration basically focuses on the "bargained for and given in exchange" part of our definition of consideration. If a promisee's performance was rendered before the promisor's promise was made, then it can never serve as consideration, even though it may meet the "legal value" part of the test.

According to the Rule of _____, If a Promisee's Performance