A promise that consists of an indefinite, open-ended statement purporting to be an agreement is known as a(n) :
A) illusory promise.
B) gratuitous promise.
C) preexisting duty.
D) barren promise.
Correct Answer:
Verified
Q33: The most common form of valid consideration
Q34: If a contract requires a person to
Q35: The law assumes that, as long as
Q36: Some agreements that lack consideration are:
A) enforceable.
B)
Q37: A person who makes a promise without
Q39: A barren promise is one that involves
Q40: With respect to pledges and subscriptions, courts
Q41: Identify four kinds of agreements that lack
Q42: Define and explain the term "general release."
Q43: Describe agreements supported by moral consideration.
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