Why Does an Illusory Contract Lack Consideration

question 44

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 or she 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:

Precedence Relationships

The sequence or order in which tasks or activities must be performed in a project or process, often due to technical or logistical constraints.

Decreasing Activity Time

A strategy or process of reducing the time required to complete tasks or activities in a project to increase efficiency and possibly reduce overall project duration.

Crash Cost

The additional expenses incurred to reduce the completion time of a project, often through measures such as overtime pay or extra resources.

Crash Duration

The shortest time period in which a task or project can be completed by allocating the maximum resources, often at increased cost.