Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - GENERAL OBLIGATIONSArticle 5 - CREATION, DEFINITION AND ENFORCEMENT OF CONTRACTUAL OBLIGATIONS
Title 11 - CONSIDERATION; EFFECT OF WRITING ON REQUIREMENT OF CONSIDERATION
Section 5-1105 - Written promise expressing past consideration

N.Y. Gen. Oblig. Law § 5-1105

Download
PDF
Current through 2024 NY Law Chapters 1-49, 52, and 61-117
Section 5-1105 - Written promise expressing past consideration

A promise in writing and signed by the promisor or by his agent shall not be denied effect as a valid contractual obligation on the ground that consideration for the promise is past or executed, if the consideration is expressed in the writing and is proved to have been given or performed and would be a valid consideration but for the time when it was given or performed.

N.Y. Gen. Oblig. Law § 5-1105