An illusory promise can constitute valid consideration.

Name: An illusory promise can constitute valid consideration.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An illusory promise is one in which the promisor does not actually promise to do anything, but rather leaves the terms of the agreement open so that they can change their mind later. Such promises are not considered valid consideration because there is no actual promise being made.

An Illusory Promise Can Constitute Valid Consideration