illusory contract

An agreement in which one party gives as consideration a promise that is so insubstantial as to impose no obligation.

• The insubstantial promise renders the contract unenforceable. [Cases: Contracts 10. C.J.S. Contracts § 108.]

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词条贡献者

译者Paloma，毕业于英国一流的高级翻译学院，擅长翻译各种与投资基金相关的法律文件。