Which of the Following Shows the Use of the Doctrine

question 128

Multiple Choice

Which of the following shows the use of the doctrine of promissory (equitable) estoppel?

• A) George told Hans that he would give him his printer. If he doesn't, Hans could use the doctrine to force him to do so.
• B) George wants to force Elaine to honour her promise to pay him $2. After he paid for a video they watched, she was so moved by the movie she said she would pay half the cost.
• C) This doctrine can be used by a plaintiff to endorse a written promise signed and sealed (i.e., a seal has been affixed next to the signature of the promisor).
• D) Lee, a defendant, can use this doctrine as a defence against a plaintiff insisting on his full legal right when he had promised to forgive Lee some of Lee's legal obligation and Lee relied on that promise.
• E) If Lam requests services from Jones and there is no mention of price, if Lam doesn't pay Jones, this doctrine can be used to force Lam to pay a reasonable amount.

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Definitions:

Net Fixed Assets

The value of a company's fixed assets, such as property and equipment, minus any accumulated depreciation.

Total Assets

Total assets comprise the sum of all assets, both current and non-current, owned by a company and recorded in the balance sheet.

Average Collection Period

The expected time a business collects payments from its customers for goods or services it has sold on credit terms.

Average Investment

The mean amount invested in certain assets or projects over a specific time period, aiming to gauge investment activity.