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    • Legislation USA
    • Georgia Code
    • Title 13 - Contracts
    • Chapter 3 - Elements and Formation Generally
    • Article 3 - Consideration
    • § 13-3-47. Effect of Impossible and Possible but Improbable Consideration

    Georgia Code
    Article 3 - Consideration
    § 13-3-47. Effect of Impossible and Possible but Improbable Consideration

    An impossible consideration is insufficient to sustain any promise; however, if the consideration is possible but improbable, it is sufficient to sustain the promise.
    History. Orig. Code 1863, § 2710; Code 1868, § 2704; Code 1873, § 2746; Code 1882, § 2746; Civil Code 1895, § 3663; Civil Code 1910, § 4248; Code 1933, § 20-309.

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    Structure Georgia Code

    Georgia Code

    Title 13 - Contracts

    Chapter 3 - Elements and Formation Generally

    Article 3 - Consideration

    § 13-3-40. Necessity for Consideration; Presumption of Consideration

    § 13-3-41. Types of Consideration

    § 13-3-42. Acts Which Constitute Consideration; Effect of Consideration Given or Received by Persons Other Than Promisor or Promisee

    § 13-3-43. Effect of Satisfying Requirement of Consideration

    § 13-3-44. Effect of Promise Which Is Reasonably Expected to Induce Action or Forbearance by Promisee or Third Person; Requirement as to Proof of Reliance in Cases of Charitable Subscriptions or Marriage Settlements

    § 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

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