Illusory Promises Are Enforceable If One of the Parties Has

question 52

True/False

Illusory promises are enforceable if one of the parties has performed their contractual obligation.

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Definitions:

Public Official

An individual holding a position of authority or service in government, responsible for making and implementing policy decisions.

Legal

Pertaining to the law or its practices, adhering to the rules and guidelines recognized by governmental and judicial systems.

Enforceable

Capable of being compelled or ensured compliance, especially by legal or police action.

Wagered

The act of betting or staking something of value on the outcome of an event or a situation, often involving a degree of risk.