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Rezan Yusuf
on Nov 21, 2024

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A promise to do something that you are already obligated to do is ________.

A) illusory consideration
B) valid consideration only in the employment context
C) past consideration
D) a preexisting duty
E) promissory estoppel

Preexisting Duty

An obligation that one party already legally owes to another under a contract, which cannot serve as consideration for a new contract.

Illusory Consideration

A promise or apparent agreement that lacks the actual commitment or substance to be legally enforceable as consideration in a contract.

  • Determine the features and the possibility of enforcement of illusory promises within contractual agreements.
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leslie perezNov 22, 2024
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