Hal Promises Not to Foreclose on a Mortgage That He

question 54

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 unsupported by consideration.
• B) Hal's promise is noncontractual.
• C) Hal's promise may be enforced against him based upon the doctrine of promissory estoppel.
• D) All of these.

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Definitions:

Hypothetical Thinking

The cognitive process involved in formulating and considering imaginary or "what if" scenarios, not restrained by current reality.

Deductive Reasoning

The practice of deriving a conclusion from the unification of multiple assertions believed to be true.

Trial-And-Error

A problem-solving method involving repeated, varied attempts which continue until success, or until the agent stops trying.

Invincibility Fable

A cognitive bias commonly found in teenagers and young adults, characterized by the belief that they are exempt from common vulnerabilities and dangers.