Difference between Rest. 86 and Moral Obligation

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corporatelaw87
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Joined: Tue Jun 09, 2009 7:26 pm

Difference between Rest. 86 and Moral Obligation

Postby corporatelaw87 » Tue Oct 12, 2010 9:45 pm

Can someone explain?

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GeePee
Posts: 1273
Joined: Fri Jul 03, 2009 7:35 pm

Re: Difference between Rest. 86 and Moral Obligation

Postby GeePee » Wed Oct 13, 2010 8:12 pm

In a lot of ways, they are the same thing. "Moral Obligation" is really just a subset of past consideration agreements that constitute valid K's under section 86(1), in that enforcement prevents an injustice, and the original consideration by the promisee was not a gratuitous "gift."




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