past consideration

An act done or a promise given by a promisee before making a promise sought to be enforced.

• Past consideration is not consideration for the new promise because it has not been given in exchange for this promise (although exceptions exist for new promises to pay debts barred by limitations or debts discharged in bankruptcy). See PREEXISTING-DUTY RULE. Cf. future consideration. [Cases: Contracts 79. C.J.S. Contracts §§ 125–126, 128–130.]

---

词条贡献者

法律翻译Jane，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与私募及对冲基金设立有关的法律文件。