How Do the Courts Get Around the Basic Rule That

question 68

Essay

How do the courts get around the basic rule that a gratuitous promise is not enforceable if they feel that not enforcing such a promise would be unfair? Identify and briefly describe the requirements for this "get around."

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Definitions:

Retirement

The stage of life where an individual stops employment completely, often to rely on savings or pension for financial support.

Persistent Breach

A continuous or repeated failure to uphold the terms of a contract or agreement.

General Partnership

A business structure where two or more individuals own and operate a business in common with shared profits, liabilities, and management duties.

Business Opportunity

A commercial idea or plan that has the potential for financial gain.