Hal Promises Not to Foreclose on a Mortgage That He

question 37

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 the above.

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Definitions:

Periderm

The protective outer layer of tissue in some plants, replacing the epidermis as the plant grows older.

Woody Plants

Plants that produce wood as their structural tissue and persist over many growing seasons, typically including trees and shrubs.

Cork Cambium

A type of meristematic tissue in plants that produces cork cells to the outside, playing a key role in the secondary growth of stems and roots.

Cork Cells

Waterproof cells forming the outer protective layer of the bark in trees and other plants, composed of dead cells at maturity.