Sections
11 entriesSection 1605Defines sufficient consideration for a promise as a benefit conferred or promised to the promisor that the promisor is not legally entitled…Section 1606Defines an existing legal obligation of the promisor, or a moral obligation arising from a benefit to the promisor or prejudice to…Section 1607Requires the consideration supporting a contract to be lawful within the meaning of the specified statutory provision. Contract consideration therefore must satisfy…Section 1608Establishes that an entire contract is void when any part of a single consideration supporting one or more objects is unlawful, or…Section 1609Defines consideration as capable of being executed or executory, either wholly or partly. To the extent consideration remains executory, it is governed…Section 1610Allows an executory consideration to remain unspecified in amount and without stated means of calculation. The contract may leave the amount to…Section 1611Sets the consideration, when a contract neither fixes its amount nor provides a method for determining it or leaves the amount to…Section 1612Establishes that a contract is entirely void when it provides an exclusive method for determining consideration and that method is impossible to…Section 1613Establishes that only the consideration-determination provision is void when a contract’s exclusive method appears possible on its face but is, or later…Section 1614Establishes that a written instrument is presumptive evidence that consideration exists. The writing itself therefore supports a presumption of consideration unless that…Section 1615Requires the party seeking to invalidate or avoid an instrument for lack of consideration to prove that consideration sufficient to support the…