Asked by
Sumathi Selvaraj
on Nov 29, 2024
Verified
An illusory promise is consideration for a return promise.
Illusory Promise
An agreement that appears to be a contract but lacks the necessary elements to bind the parties, often due to vague or unenforceable terms.
- Identify the differences between illusory promises and conditional promises regarding their enforceability in contracts.
Verified Answer
JQ
Learning Objectives
- Identify the differences between illusory promises and conditional promises regarding their enforceability in contracts.