Question: A contract based on an illusory promise is ( BLANK ) because it lacks ( BLANK ) . unenforceable; consideration voidable; formality unenforceable; formality voidable;

A contract based on an illusory promise is (BLANK) because it lacks (BLANK).
unenforceable; consideration
voidable; formality
unenforceable; formality
voidable; equal consideration
A contract based on an illusory promise is (BLANK) because it

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

ent of Business ( 4 4 2 7 5 ) Question 1 5 of 2 9 A contract based on an illusory promise is because the contract lacks A . unenforceable; consideration B . enforceable; purpose C . voidable; purpose...

Q:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

Please following 5 cases do summary per each and organize your answer as a lawyer using IRAC (Issue; Rule; Application and Conclusion)? Dougherty v. Salt 125 N.E. 94(1919) Cardozo, J. The plaintiff,...

Q:

Please following 5 cases do summary per each and organize your answer as a lawyer using IRAC (Issue; Rule; Application and Conclusion)? Dougherty v. Salt 125 N.E. 94(1919) Cardozo, J. The plaintiff,...

Q:

Please following 5 cases do summary per each and organize your answer as a lawyer using IRAC (Issue; Rule; Application and Conclusion)? Dougherty v. Salt 125 N.E. 94(1919) Cardozo, J. The plaintiff,...

Q:

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

Q:

16. Donna entered into an oral contract with Ava to purchase a house from Ava, with $500 monthly payments for the next 10 years. Donna moved into the house, remodeled it, and made extensive repairs....

Q:

Question 2 All of the following will terminate an offer EXCEPT: a.Death of the offeree. b.Destruction of the subject matter of the offer. c. Revocation by the offeror. d. Counteroffer by the offeree....

Q:

BUSINESS LAW I FINAL EXAMINATION/FALL 2021 Section I.TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False.Each...

Q:

Section I. TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False. Each correct response is worth two (2) points. 1....

Q:

Let X and Y have joint pdf f(x, y) = 4e -2(x=y) , 0 < x < , 0 < y < , and zero otherwise. a. Find the CDF of W=X+ Y. b. Find the joint pdf of U = X/Y and V=X. c. Find the joint marginal...

Q:

Explain why preparing a cash budget might be particularly important for Ski Lifters.

Q:

Which of the following refers to a plan in which employees contribute a portion of their earnings to a fund and the employer often matches the contribution in whole or part? Group of answer choices...

Q:

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: Mar. 10 790 gals @ $ 9.15 Mar. 5 590 gals Mar. 16...