Examlex
Which one of the following groups has a below-average incidence of poverty?
Preexisting Duty
A promise to do something that one is already obligated to do. It is not considered valid consideration.
Unforeseen Circumstances
Events or situations that could not have been predicted and often cause a change in plans or necessitate a response.
Illusory Promise
An illusory promise is a statement that resembles a promise but does not actually commit the speaker to any action or obligation, making it unenforceable as a contract.
Preexisting Duty
An obligation that a party is already legally required to perform, which cannot serve as valid consideration for a new contract.
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