Asked by Bridget Parks on May 08, 2024
Verified
Obligations contingent upon a stated event are known as conditional promises.
Conditional Promises
Commitments that are contingent upon the occurrence of a specified event or situation.
- Distinguish between illusory promises and conditional promises in the context of contract enforceability.
Verified Answer
BK
Beshoy KarasMay 13, 2024
Final Answer :
True
Explanation :
Conditional promises are obligations that only become due if a specific condition is met or a particular event occurs.
Learning Objectives
- Distinguish between illusory promises and conditional promises in the context of contract enforceability.