Illusory Promises | Contract Law | Consideration | Formation скачать в хорошем качестве

Illusory Promises | Contract Law | Consideration | Formation

This lesson covers illusory promises—where a promisor purports to make a promise but in fact hasn't commitment to do anything. As such, illusory promises don't satisfy the element of consideration. Chapters 00:00 - Introduction 01:11 - Restatement Definition of an Illusory Promise 02:34 - Elements of an Illusory Promise 03:00 - Example One - Illusory Promise 04:59 - Example Two - NOT an Illusory Promise 07:43 - Example Three, Requirements Contract - Illusory Promise (at least when analyzed under the common law) 10:09 - Commons vs. UCC - What law governs? 13:40 - Example Three, Requirements Contracts - NOT Illusory Promise (when analyzed under the UCC as it should be) 19:19 - Wrap up As always, if you found the video helpful, please like and subscribe. More videos are on the way! FREE! flashcards for this lesson are available at https://docs.google.com/presentation/... To use the flashcards, click the "Slideshow" button in the upper, righthand corner of Google Slides. Thank you for your support!