Asked by Eliza Howard on Jun 12, 2024
Verified
The legal enforcement of an otherwise unenforceable contract due to a party's detrimental reliance on the contract is known as ________.
A) promissory estoppel
B) substantial estoppel
C) the promissory rule
D) the reliance rule
E) promissory reliance
Promissory Estoppel
A legal principle that prevents a party from withdrawing a promise made to another party, if the latter has relied on that promise to their detriment.
- Recognize and elucidate the functions of admissions, partial performance, and promissory estoppel within the realm of contract law.
Verified Answer
SS
Shameka SteeleJun 17, 2024
Final Answer :
A
Explanation :
Promissory estoppel is a legal principle that allows for the enforcement of a contract that is otherwise unenforceable, based on one party's detrimental reliance on the promises of the other party. It prevents the promisor from arguing that an underlying promise should not be legally upheld or enforced.
Learning Objectives
- Recognize and elucidate the functions of admissions, partial performance, and promissory estoppel within the realm of contract law.
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