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 Oct. 26, 2024).

5‑1101
Agreements relating to securities 5‑1103
Written agreement for modification or discharge 5‑1105
Written promise expressing past consideration 5‑1107
Written assignment 5‑1109
Written irrevocable offer 5‑1111
Execution by agent in real property transactions 5‑1113
Written or published promise or reward 5‑1115
Promises and warranties in conveyances made without consideration

Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 5-1105’s source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._general_obligations_law_section_5-1105

Original Source: Section 5-1105 — Written promise expressing past consideration, https://www.nysenate.gov/legislation/laws/GOB/5-1105 (last accessed Aug. 20, 2023).

N.Y. General Obligations Law Section 5-1105 Written promise expressing past consideration

N.Y. General Obligations Law Section 5-1105
Written promise expressing past consideration