Asked by Callie Idell on May 08, 2024
Verified
There is a principle that says when a gratuitous promise to do something in the future causes someone to incur an expense, the promisor may be liable for failing to live up to that promise. What is this principle known as?
Gratuitous Promise
A promise for which no consideration is given and which is not legally binding.
- Identify the significance and application of promissory estoppel.
Verified Answer
KM
Learning Objectives
- Identify the significance and application of promissory estoppel.
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