Hillary Is a Nerdy Bookworm Couch Potato Who Rarely Goes

question 62

Multiple Choice

Hillary is a nerdy bookworm couch potato who rarely goes out of her home except to go to work as a deskbound CPA.She wears a sweater almost every day including during the summer and is always complaining about being cold.Edmund,a coworker,tells Hillary that he will give her $1M if she climbs Mt.Everest.Edmund doesn't believe that she'd even give the offer a second thought.Hillary,without saying anything to anyone,starts an intensive training program to whip herself into shape and six months later,during her vacation,in fact,climbs Mt.Everest.Upon returning to work,she presents Edmund a picture of herself on the summit of Mt.Everest and demands her $1M.Edmund tells her that they never had a contract so he owes her nothing and Hillary claims that the money is owed based on promissory estoppel.

• A) promissory estoppel only applies if Edmund was very rich because $1M is a lot of money
• B) promissory estoppel applies whether Edmund was rich or not
• C) promissory estoppel does not apply because Edmond had no reason to believe that Mary would rely on his promise
• D) promissory estoppel does not apply because Mary must announce that she accepts his offer for it to create an obligation to pay

---

Definitions:

Fourth Year

Typically refers to the final year of a standard four-year undergraduate degree program at a college or university.

Market Size

The total volume of sales or potential sales in a particular market or industry.

Fourth Year

Typically refers to the final year of a four-year undergraduate college or high school program, often involving advanced courses and preparation for graduation.

Total Revenue

The total income generated by a firm from its sales of goods or services, calculated before any expenses are subtracted.