Apps Inc. promises to give stock options to Belden, a creative coder, for processes he has already designed. This promise is
A)enforceable because it is a new contract.
B)enforceable because it is an illusory promise.
C)enforceable because it is supported by past consideration.
D)unenforceable.

Question

Quizplus · Accepted Answer

This promise is unenforceable because it is based on past consideration. In contract law, for a promise to be enforceable, there must be consideration, which is something of value exchanged between the parties. Past consideration refers to something that has already been done or provided before the promise is made, and it does not constitute valid consideration for a new contract.

Apps Inc Promises to Give Stock Options to Belden, a Creative