Famous Chef told Shrimp Boat Captain: I will buy your catch if I think the shrimp are large enough." What is the status of this promise?

a. This is a valid promise because the chef must make the decision in good faith.
b. This is a valid promise because size is a quantifiable term.
c. This is an illusory promise because the chef has complete control over whether or not he will keep the promise.
d. This is an illusory promise for a contract but a valid promise for promissory estoppel.

Ans: a. This is a valid promise because the chef must make the decision in good faith.

Business

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