Difference between Rest. 86 and Moral Obligation Forum

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corporatelaw87

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Difference between Rest. 86 and Moral Obligation

Post by corporatelaw87 » Tue Oct 12, 2010 9:45 pm

Can someone explain?
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GeePee

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Re: Difference between Rest. 86 and Moral Obligation

Post by 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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