Hal Promises Not to Foreclose on a Mortgage That He

question 27

Multiple Choice

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

• A) Hal's promise not to foreclose is supported by consideration.
• B) Hal's promise is contractual.
• C) Hal's promise may be enforced against him based upon the doctrine of promissory estoppel.
• D) Hal's promise is a contract modification.

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