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Consideration may be executory or executed but it must not be pastDicuss and illustrate your answer with various case laws?


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January 06, 2012 11:52PM

Executed and executory consideration is enforced by the common law courts but a past consideration is not. This is because a past consideration arises where the work is done before the obligation or offer to pay is made. See the case of EASTWOOD VRS KENYON.