illusory promise

a meaningless promise. An illusory promise contains terms that free the promisor from having to perform. Such promises are “illusions” of obligation; as a result, illusory promises are unenforceable. See Restatement (Second) of Contracts §77.

 

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I will pay you $400 for your blue ribbon pig.

I will pay you $400, if I feel like paying you.

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