11:38
good strat i would say
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LSDefine
Simple English definitions for legal terms
bare promise
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A quick definition of bare promise:
A bare promise is when someone says they will do something, but they don't get anything in return for it. It's like making a promise for free. Usually, these promises are not legally enforceable, which means that if the person doesn't keep their promise, there's nothing you can do about it. It's important to be careful when making promises and to make sure that both parties agree on what they will give and receive in return.A more thorough explanation:
Definition: A promise made in exchange for nothing; a promise not supported by consideration. A bare promise is not ordinarily legally enforceable.
Example: If a friend promises to give you a gift for your birthday, but then doesn't follow through, this is a bare promise. There was no exchange of anything of value, and therefore the promise is not legally enforceable.
This example illustrates the definition of a bare promise because there was no consideration given in exchange for the promise. In other words, the friend did not receive anything in return for their promise to give a gift, so the promise is not legally binding.