Which of the Following Is True Regarding Illusory Promises

question 37

Multiple Choice

Which of the following 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:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Power Politics

The strategies used by individuals or groups within political organizations or structures to acquire, maintain, or exercise power and influence.

Outstanding Leader

A person distinguished by their exceptional leadership qualities, inspiring vision, strong communication skills, and the ability to guide others toward success.

Winston Churchill

A British politician, army officer, and writer, who served as Prime Minister of the United Kingdom during World War II and again in the early 1950s.