Multiple Choice
A contract into which both parties enter but in which one or both of the parties can choose not to perform their contractual obligations is known as ________.
A) illusory promise
B) gift promise
C) preexisting duty
D) illegal consideration
Correct Answer:

Verified
Correct Answer:
Verified
Q46: Considerations can only be monetary or economic
Q47: An out-of-court settlement in exchange for dropping
Q48: Explain the preexisting duty principle in private
Q49: Dean Campenella is a detective with the
Q50: Contracts falling under past consideration are unenforceable.
Q52: Illusory promises are enforceable if one of
Q53: If the accord is not satisfied, the
Q54: An accord is enforceable even though no
Q55: Toughones, a car part manufacturer, signed a
Q56: Imposition of the best-efforts duty provides sufficient