Unformatted text preview: a. Fall under UCC 3) Satisfaction clauses a. Under good faith and reasonable person 4) Termination clauses a. If there is no notice, then it’s illusionary 5) Loans a. No problem if loan is extendeding w/ creditor. b. Or forebear collection of suit c. Or any other change d. As long as lender also have to give up something 6) Conditions based on events outside control of the speaker. a. Lotto 7) Duty of good faith 8) Duty of reasonable efforts...
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- Fall '11
- Dellinger
- Law, Debt, illusory promises, Promises Illusory
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