What is Good Consideration

18 GCA § 85501 — under Nature of a Contract.

18 GCA § 85501

Any benefit conferred, or agreed to be conferred, upon the promisor, by any other person, to which the promisor is not lawfully entitled, or any prejudice suffered, or agreed to be suffered, by such person, other than such as he is at the time of consent lawfully bound to suffer, as an inducement to the promisor, is good consideration for a promise.

COL120106

SOURCE: CC § 1605.