Dougherty v. Salt

Aunt Tillie gave a promissory note to her eight year old nephew Charley in which she promised to pay him $3000 on her death or before.

The question is whether there is consideration for the promise.

There is consideration for the promise only if Aunt Tille gave her promise to get a promise for performance in return from Charley, and he gave his promise or performance in exchange.

Yes

No