Illusory Promise

Business, Legal & Accounting Glossary

Definition: Illusory Promise


Quick Summary of Illusory Promise


A promise that pledges nothing, because it is vague or because the promisor can choose whether or not to honour it. Such promises are not legally binding. For example, if you get a new job and promise to work for three years unless you resign sooner, you haven’t made a valid contract and can resign or be fired at any time.




Cite Term


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Page URL
https://payrollheaven.com/define/illusory-promise/
Modern Language Association (MLA):
Illusory Promise. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 26, 2021 https://payrollheaven.com/define/illusory-promise/.
Chicago Manual of Style (CMS):
Illusory Promise. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/illusory-promise/ (accessed: September 26, 2021).
American Psychological Association (APA):
Illusory Promise. PayrollHeaven.com. Retrieved September 26, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/illusory-promise/

Definition Sources


Definitions for Illusory Promise are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 0 Views.