Multiple Choice
Why does an illusory contract lack consideration?
A) because the consideration promised is unlawful and therefore void
B) because the person promises to perform an act or do something he or she is already under an obligation to do
C) because one or both parties can choose not to perform their contractual obligations
D) because the compensation paid is for work done in the past
Correct Answer:

Verified
Correct Answer:
Verified
Q39: Illusory promises require both parties to perform
Q40: Which of the following is true of
Q41: _ is an equity doctrine that permits
Q42: Forbearance of a legal right can be
Q43: A completed gift promise cannot be rescinded
Q45: If a contract that was lacking in
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