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Amahri Johnson
on Nov 21, 2024

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Jack offers Selena his bicycle for $75. Which of the following is an example of an illusory promise on Selena's part?

A) "I'll take it."
B) "I'll take it if I decide to do so."
C) "I won't pay $75, but I will pay $50."
D) "I'll take it if you will let me try it out first and the brakes work well."
E) "I'll take it if you will buy new tires."

Illusory Promise

An agreement that lacks a firm commitment or terms, making it unenforceable by law.

  • Identify the characteristics and enforceability of illusory promises in contracts.
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AB
Ashton BashamNov 25, 2024
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