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- Illusory_promise abstract "In contract law, an illusory promise is one that courts will not enforce. This is in contrast with a contract, which is a promise that courts will enforce. A promise may be illusory for a number of reasons. In common law countries this usually results from failure or lack of consideration (see also consideration under English law).Illusory promises are so named because they merely hold the illusion of contract. For example, a promise of the form, "I will give you ten dollars if I feel like it," is purely illusory and will not be enforced as a contract.It is a general principle of contract law that courts should err on the side of enforcing contracts. Parties entering into the arrangement presumably had the intention of forming an enforceable contract, and so courts generally attempt to follow this intention.A promise conditioned upon an event within the promisor's control is not illusory if the promisor also "impliedly promises to make reasonable effort to bring the event about or to use good faith and honest judgment in determining whether or not it has in fact occurred."Methods of finding potentially illusory contracts enforceable include: Implied-in-law "good faith" terms Implied-in-fact terms Bargaining for a chance↑ ↑ ↑".
- Illusory_promise wikiPageID "896725".
- Illusory_promise wikiPageLength "4849".
- Illusory_promise wikiPageOutDegree "6".
- Illusory_promise wikiPageRevisionID "651757249".
- Illusory_promise wikiPageWikiLink Category:Contract_law.
- Illusory_promise wikiPageWikiLink Common_law.
- Illusory_promise wikiPageWikiLink Consideration.
- Illusory_promise wikiPageWikiLink Consideration_in_English_law.
- Illusory_promise wikiPageWikiLink Consideration_under_English_law.
- Illusory_promise wikiPageWikiLink Contract.
- Illusory_promise wikiPageWikiLink Contract_law.
- Illusory_promise wikiPageWikiLinkText "Illusory offer, Illusory promise".
- Illusory_promise wikiPageWikiLinkText "Illusory promise".
- Illusory_promise wikiPageWikiLinkText "illusory promise".
- Illusory_promise wikiPageWikiLinkText "illusory rights".
- Illusory_promise wikiPageWikiLinkText "illusory".
- Illusory_promise hasPhotoCollection Illusory_promise.
- Illusory_promise wikiPageUsesTemplate Template:Contract_law.
- Illusory_promise wikiPageUsesTemplate Template:Reflist.
- Illusory_promise wikiPageUsesTemplate Template:Who.
- Illusory_promise subject Category:Contract_law.
- Illusory_promise type Article.
- Illusory_promise type Article.
- Illusory_promise comment "In contract law, an illusory promise is one that courts will not enforce. This is in contrast with a contract, which is a promise that courts will enforce. A promise may be illusory for a number of reasons. In common law countries this usually results from failure or lack of consideration (see also consideration under English law).Illusory promises are so named because they merely hold the illusion of contract.".
- Illusory_promise label "Illusory promise".
- Illusory_promise sameAs 수의약정.
- Illusory_promise sameAs m.03ms7h.
- Illusory_promise sameAs Q6000561.
- Illusory_promise sameAs Q6000561.
- Illusory_promise wasDerivedFrom Illusory_promise?oldid=651757249.
- Illusory_promise isPrimaryTopicOf Illusory_promise.