In Some States, an Otherwise Unenforceable Oral Contract May Be

question 52

True/False

In some states, an otherwise unenforceable oral contract may be enforced under the doctrine of promissory estoppel.​

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Definitions:

Dischargeable

Pertaining to debts that can be eliminated through bankruptcy proceedings, releasing the debtor from liability.

Discharge

Release from liability.

Defraud Creditors

The act of using deception or dishonesty to deny creditors their rightful claims on assets or funds.

Bankruptcy Code

The codified set of federal laws that govern bankruptcy proceedings in the United States, providing for various forms of debt relief for individuals and businesses.