Asked by Yoselin Ramirez on Jun 17, 2024

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The doctrine of promissory estoppel:

A) is a doctrine enforcing contractual promises.
B) includes as a requirement within the doctrine that there has been justifiable reliance on the promise.
C) is applied in almost every contract enforcement due to frequent misinterpretations.
D) is a remedy for fraud.

Promissory Estoppel

A rule of law that bars an individual from retracting a commitment made to another if the second party has justifiably depended on this pledge to their harm.

Justifiable Reliance

A principle in contract law that an individual can act based on the assurance or promise of another, assuming such dependence is reasonable and logical.

Contract Enforcement

The legal mechanisms and procedures used to ensure that the terms of a contract are fulfilled by the parties involved, or to seek remedies in cases of breach.

  • Acquire knowledge on the theory of promissory estoppel and its implementation in upholding promises outside of a contractual agreement, centered on the promisee's reliance.
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KL
Khuyên LavenderJun 19, 2024
Final Answer :
B
Explanation :
Promissory estoppel is a legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment. It does not enforce all contractual promises (A) nor is it applied in almost every contract enforcement (C), nor is it a remedy specifically for fraud (D).