Industrial Engineering, Inc., promises to give stock options to Jasmine for processes she has already designed for the firm. This promise is enforceable
A) because it is a new contract.
B) because it is an illusory promise.
C) because it is supported by past consideration.
D) under no circumstances.

Question

Industrial Engineering, Inc., promises to give stock options to Jasmine for processes she has already designed for the firm. This promise is enforceable
A) ​because it is a new contract.
B) ​because it is an illusory promise.
C) ​because it is supported by past consideration.
D) ​under no circumstances.

Quizplus · Accepted Answer

Past consideration is not valid consideration to support a new promise, making the promise unenforceable.