{"data":{"id":"us-ga/o.c.g.a.-13-3-40","jurisdiction":"us-ga","citation":"O.C.G.A. § 13-3-40","heading":"Necessity for consideration; presumption of consideration.","body":"(a) A consideration is essential to a contract which the law will enforce. An executory contract without such consideration is called nudum pactum or a naked promise.\n(b) In some cases a consideration is presumed, and an averment to the contrary will not be received.","path":["TITLE 13 Contracts","CHAPTER 3 Elements and Formation Generally","Article 3 Consideration"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.13.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"4dfc024cef5614d64bdbd0c4a66cdd944dabdabcb6fae81837a2bfe20aa7a017","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-13-3-25","next":"us-ga/o.c.g.a.-13-3-41"},"notice":"GroundRules: Original legal text. Not legal advice."}