Under Which of the Following Conditions Does a Promissory Estoppel

question 81

Multiple Choice

Under which of the following conditions does a promissory estoppel provide for the enforceability of an oral contract?

• A) when the promise induces action or forbearance of action by another
• B) when the reliance on the oral promise was unforeseeable
• C) when enforcing the oral promise provides for faster resolution of the case
• D) when the oral promise provides for reduced damages to the defendant

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Definitions:

Statute Of Limitations

A law prescribing a time limit for bringing certain kinds of legal action, after which claims or charges cannot be enforced or prosecuted.

Sale Of Goods

Transactions involving the transfer of ownership of tangible items from a seller to a buyer for a price.

Equitable Maxim

Fundamental principles guiding the fair and just application of the law, ensuring decisions are made with equity in legal proceedings.

Seeks Equity

A legal principle where a party requests a fair and impartial remedy in a dispute, typically when monetary damages are insufficient.