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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Definitions:

Dependent Personality Disorder

A psychiatric condition characterized by an excessive need to be taken care of, leading to submissive and clinging behavior and fears of separation.

Obsessive-Compulsive Disorder

A mental disorder where people feel the need to check things repeatedly, perform certain routines repeatedly, or have certain thoughts repeatedly, causing significant distress or impairment.

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and mental and interpersonal control, at the expense of flexibility, openness, and efficiency.

Anxiety Disorder

A category of mental health disorders characterized by excessive worry, fear, and anxiety that significantly interferes with daily functioning.