According to the Doctrine of Promissory Estoppel

question 76

Multiple Choice

According to the doctrine of promissory estoppel:

• A)A promise will be legally enforceable, even if the promisee has not provided consideration, as long as certain requirements are satisfied.
• B)A promise will be enforceable, even where there is no consideration and the promisor did not intend the promisee to rely upon the promise.
• C)A promise will not be legally enforceable solely because it would be unconscionable to require the promisor to keep their promise.
• D)All promises made in a business context will be enforceable even where there is no consideration.

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Definitions:

Investment Turnover

A ratio indicating how efficiently a company generates sales revenue from its investment in assets.

Return on Investment

A measurement of the gain or loss generated on an investment relative to the amount of money invested.

Residual Income

A measure of profit that exceeds the minimum required return on an investment or business venture.

Percentage

A proportion or share in relation to a whole, typically expressed as a fraction of 100.