A gratuitous promise differs from a contract in that
A) a gratuitous promise cannot lapse.
B) consideration flows only in one direction.
C) the terms of a gratuitous promise are not precise enough to be binding.
D) it does not require the payment of money to the offeror by the offeree.
E) a gratuitous promise cannot be revoked.

Question

Quizplus · Accepted Answer

A gratuitous promise is a one-sided promise where consideration only flows from the promisor to the promisee, and there is no requirement for the promisee to provide any form of consideration in return. However, unlike a contract, a gratuitous promise is not legally binding because it lacks the element of consideration flowing in both directions. Additionally, the terms of a gratuitous promise may not be precise enough to create a legally enforceable obligation. Therefore, choice B, which states that consideration flows only in one direction, is the best answer.

A Gratuitous Promise Differs from a Contract in That