M Civ JI 142.16 Consideration

A contract must be supported by consideration. Consideration is something of value given in exchange for the promise. However, an act done in the past cannot be consideration for a later contract. Doing or promising to do what one is already obligated to do is not consideration. The consideration does not need to be expressed in writing.

Comment

DeCamp v Scofield, 75 Mich 449 (1889); Kirchoff v Morris, 282 Mich 90 (1937); Higgins v Monroe Evening News, 404 Mich 1 (1978); Yerkovich v AAA, 461 Mich 732 (2000).

History

M Civ JI 142.16 was added March 2005.