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Understanding the Term 'Illusory Promise' With Appropriate Examples
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Web an illusory promise is a promise that is unenforceable due to indefiniteness or lack of mutuality, where only one side is bound. Web when one party involved with a contract has the unilateral right to modify the terms and conditions of the contract. Web defining illusory promises. Navigating the complexities of illusory promises. Case law on illusory promise.