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.

---

Definitions:

Assembly

The process of putting together individual pieces to create a complete product or compiling and linking program code into a usable software program.

Finishing

The process of completing or giving the final touches to a product, workpiece, or surface to achieve the desired appearance or functionality.

Standard Deviation

A statistic that measures the dispersion of a dataset relative to its mean, indicating how spread out the data points are.

Emergency Calls

Phone calls made to emergency services, such as police, fire brigade, or medical services, requesting immediate assistance.