Is a promise to pay a pre-existing moral obligation enforceable? Explain


Under the common law and in most states, a promise made to satisfy a pre-existing moral obligation is made for past consideration and therefore is unenforceable for lack of consideration. Instances involving such moral obligation include promises to pay for board and lodging previously furnished to a needy relative and promises to pay debts owed by a relative. The Restatement and a minority of states recognize moral obligations as consideration. Under the Restatement a promise made for a benefit previously received is binding to the extent necessary to prevent injustice.

Business

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Business