Asked by Rosana Castillon on Apr 30, 2024
Verified
In order to assert the doctrine of promissory estoppel, which of the following elements is required?
A) There must be a clear and definite promise.
B) The promisee must justifiably rely on the promise.
C) Justice will be better served by enforcement of the promise.
D) All of these choices are correct.
Promissory Estoppel
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.
Promisee
The party in a contract who is to receive the benefit or performance specified in the agreement.
Promise
A declaration or assurance that one will do something or that a particular thing will happen.
- Gain insight into the concept of promissory estoppel and its prerequisites.
Verified Answer
Learning Objectives
- Gain insight into the concept of promissory estoppel and its prerequisites.
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