Official Code of Georgia Annotated

Title 13. CONTRACTS · Chapter 3. ELEMENTS AND FORMATION GENERALLY · Article 3. CONSIDERATION

13-3-43. Effect of satisfying requirement of consideration.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

If the requirement of consideration is met, there is no additional requirement of a gain, advantage, or benefit to the promisor or of a loss, disadvantage, or detriment to the promisee.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1933, § 20-302.1, enacted by Ga. L. 1981, p. 876, § 2.

Law reviews

For article discussing third party beneficiary contracts, see 4 Ga. B.J. 19 (1941). For article, ‘‘Considering the Consideration Approach to Classifying Georgia Contracts In Partial Restraint of Trade,’’ see 10 Ga. St. B.J. 18 (No. 2, 2004).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t13-(v11)-2010-pdf.pdf, Volume V11, 2010 edition, page 201; merge action: annotated; file SHA-256 18573afb153d.