An illusory promise is not consideration.

Name: An illusory promise is not consideration.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An illusory promise is not considered valid consideration in a contract because it does not create a legal obligation on the part of the promisor. In other words, an illusory promise is not seen as a binding commitment and therefore cannot be considered a form of consideration.

An Illusory Promise Is Not Consideration