Promissory Estoppel Is a Contractual Doctrine That Includes Which of the Following

question 26

Multiple Choice

Promissory estoppel is a contractual doctrine that includes which of the following considerations?

• A)The courts use the doctrine of promissory estoppel to enforce noncontractual promises.
• B)Under this doctrine, the promisor reasonably expects that the promisee, in reliance on the promise, will be induced by the promise to take action or refrain from taking action and the promisee does so.
• C)The courts will not, under any circumstance, enforce promises that do not include all four of the elements of contract.
• D)Both (a) and (b).

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Definitions:

Handwriting

The act or process of writing by hand, including the style and manner in which a person writes.

Merchants

Individuals or entities engaged in the sale of goods and services, often within specific sectors or industries, playing a crucial role in the economy.

Negotiable Instrument

A formal written commitment to pay a particular amount of money, either when asked or at an agreed-upon time, with the individual who will make the payment specified in the document.

Enforceable Assignment

A transfer of rights or property that is valid under law, allowing the assignee to enforce the assignment against the assignor and possibly against third parties.