Hal Promises Not to Foreclose on a Mortgage That He

question 45

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:

Reactance

The opposition that inductors and capacitors present to the flow of alternating current, characterized by its effect on the phase of the current.

Resistance

A material's opposition to the flow of electric current, measured in ohms.

Self-induction

The property of a circuit or coil that causes it to induce a voltage in itself as a result of a change in current flow, affecting the circuit's own current.

Electro-magnetism

A branch of physics involving the study of electromagnetic forces generated by the interaction between electric charges and currents.