MLchartDataset catalogue

Illusory promise

Term · Law · MLC-T-LAW-002497

A statement that appears to be a promise but does not actually bind the promisor to any performance. It lacks consideration because the promisor retains an unfettered right to choose whether or not to perform. Such a promise cannot form the basis of a legally enforceable contract.

Table 1. Record
IdentifierMLC-T-LAW-002497
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002497",
  "term": "Illusory promise",
  "field": "Law",
  "definition": "A statement that appears to be a promise but does not actually bind the promisor to any performance. It lacks consideration because the promisor retains an unfettered right to choose whether or not to perform. Such a promise cannot form the basis of a legally enforceable contract.",
  "url": "https://mlchart.com/terminology/law/illusory-promise/"
}

Record 2,416 of 5,439 in Law terminology (MLC-0107). Request the full dataset.