Ken Promises Not to Foreclose on a Mortgage That He

question 71

Multiple Choice

Ken promises not to foreclose on a mortgage that he holds on an office complex that Christopher owns.In reliance on this promise,Christopher expends $200,000 to remodel the complex.Which of the following is correct with regard to Ken's promise?

• A) Ken's promise not to foreclose is unsupported by consideration.
• B) Ken's promise is noncontractual.
• C) Ken's promise will be enforced against him based upon the doctrine of promissory estoppel.
• D) All of these.

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