Asked by
Toine Stapel
on Nov 29, 2024
Verified
An exclusive dealing contract is one type of contract which is illusory, because it lacks consideration.
Illusory
Something that is deceptive or lacks real substance or existence.
Lacks Consideration
A term indicating that a contract or agreement is void or invalid due to the absence of something of value being exchanged.
- Contrast the nature of illusory promises with that of conditional promises in terms of their legal enforceability in contract law.
Verified Answer
LT
Learning Objectives
- Contrast the nature of illusory promises with that of conditional promises in terms of their legal enforceability in contract law.