Multiple Choice
Which of the following is a correct statement regarding illusory promises?
A) Illusory promises are not consideration.
B) Illusory promises are consideration.
C) Illusory promises qualify as consideration when past consideration is at issue.
D) Illusory promises qualify as consideration when promissory estoppel is at issue.
E) Illusory promises can constitute consideration,but only when a sale of goods is involved.
Correct Answer:
Verified
Correct Answer:
Verified
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