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Illusory Promises

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Submitted By jwagner31
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“A statement that appears to assure a performance and form a contract but, when scrutinized, leaves to the speaker the choice of performance or non-performance, which means that the speaker does not legally bind himself or herself to act.” That is what an Illusory Promise technically means. Illusory Promises are pretty much fake contracts. Courts will not enforce an illusory contract. Most of the time, a contract is considered illusory when it has a lack of consideration. This name came from the fact that they are pretty much just illusions of a contract. An example of this is if someone would say to you, “Maybe I will give you my car one day.” Courts will not enforce that statement as a contract because there are no definite terms used in the statement. The words “maybe” and “one day” make this an illusory promise because odds are it is not going to ever happen. This contract is not valid at all and is illusory because the promisor can choose whether or not to go through with the promise. This is not fair to the promisee because no matter what they do or give, their satisfaction is not guaranteed because of the misleading contract that they got into.

Works Cited

West's Encyclopedia of American Law, e. 2. (2008). The Free Dictionary. Retrieved 09 25, 2013, from Legal Dictionary: http://legal-dictionary.thefreedictionary.com/Illusory+Promise
West's Encyclopedia of American Law, e. 2. (n.d.). The free dictionary. Retrieved from

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