A promise lacks consideration if a person promises to perform an act or do something he or she is already under an obligation to do. This is called a(n) ________.
A) illegal consideration
B) preexisting duty
C) gift promise
D) illusory promise

Question

Quizplus · Accepted Answer

A promise lacks consideration if the person was already under an obligation to do it. This is called a preexisting duty. Option A is incorrect because illegal consideration relates to an illegal act, which is not relevant in this scenario. Option C is incorrect because a gift promise lacks consideration altogether. Option D is incorrect because an illusory promise does not contain a definite promise or performance.

A Promise Lacks Consideration If a Person Promises to Perform