Why Does an Illusory Contract Lack Consideration

question 73

Multiple Choice

Why does an illusory contract lack consideration?

• A)because the consideration promised is unlawful and therefore void
• B)because the person promises to perform an act or do something he is already under an obligation to do
• C)because one or both parties can choose not to perform their contractual obligations
• D)because the compensation paid is for work done in the past

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Definitions:

Factory Worker

An individual employed in a manufacturing setting, responsible for producing goods or operating machinery.

Inspects

The act of examining something carefully in order to determine its condition, quality, or to detect any faults.

Expectancy Theory

A psychological theory that explains motivational forces by weighing the perceived values of outcomes against the perceived likelihoods of achieving them.

Low Self-efficacy

The belief in one's inability to achieve goals or handle situations effectively.