Which of the following terms in an agreement would not render it illusory?
A)A right to cancel a contract after the first 30 days.
B)A party to an agreement has a right to cancel or terminate at any time,for any reason,and without any notice.
C)A promisee promises to buy "all the tools I want."
D)A promise to perform under the contract "if I feel like it."

Question

Quizplus · Accepted Answer

A right to cancel or terminate at any time,for any reason,and without any notice would clearly render illusory any other promise by the party possessing such a right.However,limits on the circumstances under which cancellation may occur (such as a dealer's failure to live up to dealership obligations),or the time in which cancellation may occur (such as no cancellations for the first 90 days),or a requirement of advance notice of cancellation (such as a 30-day notice requirement)would all effectively remove a promise from the illusory category.

Which of the Following Terms in an Agreement Would Not