N.Y. General Obligations Law 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.

Source: Section 5-1105 — Written promise expressing past consideration, https://www.­nysenate.­gov/legislation/laws/GOB/5-1105 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

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Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 5-1105’s source at nysenate​.gov

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