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Home » US Law » 2022 New York Laws » Consolidated Laws » GOB - General Obligations » Article 5 - Creation, Definition and Enforcement of Contractual Obligations » Title 11 - Consideration; Effect of Writing on Requirement of Consideration

5-1101 – Agreements Relating to Securities.

§ 5-1101. Agreements relating to securities. An agreement, promise or undertaking for the purchase, sale, transfer, assignment or delivery of a certificate or other evidence of debt, issued by the United States or by any state, or a municipal or other corporation, or of any share or interest in the stock of any bank corporation […]

5-1103 – Written Agreement for Modification or Discharge.

§ 5-1103. Written agreement for modification or discharge. An agreement, promise or undertaking to change or modify, or to discharge in whole or in part, any contract, obligation, or lease, or any mortgage or other security interest in personal or real property, shall not be invalid because of the absence of consideration, provided that the […]

5-1105 – Written Promise Expressing Past Consideration.

§ 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 […]

5-1107 – Written Assignment.

§ 5-1107. Written assignment. An assignment shall not be denied the effect of irrevocably transferring the assignor’s rights because of the absence of consideration, if such assignment is in writing and signed by the assignor, or by his agent.

5-1109 – Written Irrevocable Offer.

§ 5-1109. Written irrevocable offer. Except as otherwise provided in section 2-205 of the uniform commercial code with respect to an offer by a merchant to buy or sell goods, when an offer to enter into a contract is made in a writing signed by the offeror, or by his agent, which states that the […]

5-1113 – Written or Published Promise or Reward.

§ 5-1113. Written or published promise or reward. A promise to pay a reward for return of lost or mislaid property is not unenforceable because of absence of consideration if the promise was made in writing or the promisor caused it to be published.

5-1115 – Promises and Warranties in Conveyances Made Without Consideration.

§ 5-1115. Promises and warranties in conveyances made without consideration. A promise or warranty by the grantor in a deed or conveyance of an estate or interest in real property and acknowledged or proved in the manner prescribed by law to entitle it to be recorded shall not be denied effect because of the absence […]