Asked by Chloe Summerville on Jun 30, 2024
Verified
As property manager of a 15-unit apartment block, you receive rent payments on the first of every month from each tenant. Mrs. Lone, in apartment 105, whose rent is $500 per month, lost her job and was in dire financial difficulties. You agreed to take only $400 per month. For the last ten months, she has paid only $400 a month, but you have learned that for 4 months she has had a new and even better-paying job. You are angry that she failed to tell you this and you want to sue her for the entire amount of back rent ($1000) . Which of the following arguments could she use most effectively against you?
A) Promissory estoppel
B) Mistake
C) Undue influence
D) Breach of contract
E) Duress
Promissory Estoppel
Promissory Estoppel is a legal principle that prevents a person from going back on a promise, even if it wasn't formally made as a contract, provided others have relied on the promise to their detriment.
Property Manager
An individual or company responsible for the maintenance and operation of real estate properties, acting on behalf of the property owner.
Financial Difficulties
refer to situations where an individual or entity struggles to meet financial obligations due to insufficient funds.
- Apply the doctrine of promissory estoppel in contractual disputes.
Verified Answer
Learning Objectives
- Apply the doctrine of promissory estoppel in contractual disputes.
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