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.
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).
Structure Georgia Code
Chapter 3 - Elements and Formation Generally
§ 13-3-40. Necessity for Consideration; Presumption of Consideration
§ 13-3-41. Types of Consideration
§ 13-3-43. Effect of Satisfying Requirement of Consideration
§ 13-3-45. Effect of Partially Valid Consideration; Effect of Illegal Consideration
§ 13-3-46. Effect of Inadequacy of Consideration
§ 13-3-47. Effect of Impossible and Possible but Improbable Consideration