Illusory contract definition

Illusory contract definition

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Definition of illusory promise: A statement which appears to be formed into a legal contract but includes the option for the person making a promise to have no

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Illusory Promise – Law Definition. Posted on October 23, 2006 by Lawyers Attorneys. A promise that pledges nothing, because it is vague or because the A promise that is unenforceable due to indefiniteness or lack of mutuality, where only one side is bound to perform. An example of this would be an agreement Definition of ILLUSORY PROMISE: a promise that appears to be binding but it is fact not.illusory definition: The definition of illusory is made to be or related to something A promise to do something that is unenforceable or meaningless because the

Illusory contract is a contract between two parties in which the consideration for the contract is illusionary. In such contracts one party gives as consideration a Mar 24, 2007 - Promise to perform a duty owed to a third party. These are all examples of insufficient consideration NOT illusionary consideration as stated 5 days ago - An illusory promise is a statement that can't be legally enforced are vague and poorly defined are usually considered illusory promises. Illusory Promise. A statement that appears to assure a performance and form a contract but, when scrutinized, leaves to the speaker the choice of performance or

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Un resolution 82, Form 864a, Western union form, Government performance work statement for storage, Report on internet banking.