Which of the Following Is True Regarding Illusory Promises

question 33

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 when past consideration is at issue.
• D) Illusory promises qualify as consideration when promissory estoppel is at issue.
• E) Illusory promises are consideration only when a sale of goods is involved.

---

Definitions:

Federal Offices

Governmental positions and departments at the national level, responsible for implementing and overseeing federal laws and policies.

Chairman Of The Joint Chiefs

The highest-ranking and senior-most military officer in the United States Armed Forces, who serves as the principal military advisor to the President, the National Security Council, the Homeland Security Council, and the Secretary of Defense.

Colin Powell

An American military general and statesman who served as the 65th United States Secretary of State, becoming the first African American to hold the position.

Black Senator

A member of the United States Senate who identifies as African-American, representing one of the fifty states in legislative matters.