Illusory promise
A promise that is unenforceable due to indefiniteness or lack of mutuality, where only one side is bound to perform. An example of this would be an agreement between a seller and buyer which states that the seller "agrees to sell all of the ice cream he wants to" to the buyer.
Definition from Nolo’s Plain-English Law Dictionary
A promise that pledges nothing, because it is vague or because the promisor can choose whether or not to honor it. Such promises do not create contracts and are not legally binding.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:17 pm
