Which Statement Is True Regarding Illusory Promises

question 52

Multiple Choice

Which statement is true regarding illusory promises?

• A) Illusory promises are not consideration.
• B) Illusory promises are consideration.
• C) Illusory promises qualify as consideration only when past consideration is at issue.
• D) Illusory promises qualify as consideration only when promissory estoppel is at issue.
• E) Illusory promises are consideration only when a sale of goods is involved.

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