Asked by
Malik Baker
on Nov 27, 2024
Verified
A promise is illusory when its performance depends solely on the discretion of the promisor.
Illusory Promise
A statement that appears to be a binding commitment but allows for so much discretion that it does not legally bind the party making it.
Promisor
The party in a contract who makes a promise to perform or provide a benefit to the promisee.
- Recognize the features of an illusory promise and its implications on contract enforcement.
Verified Answer
SJ
Learning Objectives
- Recognize the features of an illusory promise and its implications on contract enforcement.