Asked by Janvier Daffeed on May 30, 2024
Verified
Which of the following is an element of promissory estoppel?
A) The promisee should reasonably expect to induce reliance
B) Reliance on the promise by the promisor
C) A promise to pay liquidated debts
D) Injustice to the promisee as a result of reliance
Promissory Estoppel
A legal principle that prevents a promisor from denying the promise or going back on it if the promisee has reasonably relied on the promise to their detriment.
Promisee
The individual or entity to whom a promise or commitment is made in an agreement.
Reliance
Acting based on trust in something or someone, or in contract law, actions taken based on a promise or agreement.
- Acquire knowledge of the doctrine of promissory estoppel along with its exclusions pertaining to the requirement for consideration.
Verified Answer
VM
Vidhi MalaniJun 04, 2024
Final Answer :
D
Explanation :
The elements of promissory estoppel were then essentially the same as they are today: a promise that the promisor should reasonably expect to induce reliance,reliance on the promise by the promisee,and injustice to the promisee as a result of that reliance.
Learning Objectives
- Acquire knowledge of the doctrine of promissory estoppel along with its exclusions pertaining to the requirement for consideration.