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Obligation – A promise or contract that’s legally binding; the act of binding or obliging oneself, as in a contract. Damages – A monetary award in compensation for a monetary loss, lack of or harm to personal or real property, or an injury. ChocoTime candy firm enters right into a contract with Cocoa Merchants in which ChocoTime will purchase all of the cocoa it wants for its sweet from Cocoa Merchants, and Cocoa Merchants will promote as much cocoa as it wants to ChocoTime. Because this contract binds ChocoTime to purchasing all of the cocoa it needs only from Cocoa Merchants, ChocoTime isn’t sure to do something. In fact, Cocoa Merchants could choose not to sell any cocoa to ChocoTime if it desired. This is one kind of illusory promise, and it due to this fact makes this contract invalid and unenforceable.