The Doctrine of Promissory Estoppel Operates Only If the Representor

question 1

True/False

The doctrine of promissory estoppel operates only if the representor promised that an existing right would not be strictly enforced.

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Definitions:

Public Purpose

Justification for government action or policy that is intended to benefit the public at large or improve public welfare.

Earnest Money

A deposit made to a seller representing a buyer's good faith to enter and proceed with a transaction, typically in real estate deals.

Purchase Price

The amount of money paid or agreed to be paid by the buyer to the seller for the acquisition of a good, service, or property.

Cooperative

An organization owned and operated by a group of individuals for their mutual benefit.