What Is Isabella's Best Argument in Attempting to Avoid Obligations

question 15

Multiple Choice

What is Isabella's best argument in attempting to avoid obligations to Credit Card Company A?

• A)That the debt became illusory based on the promise made by Credit Card Company A.
• B)That because of unforeseen circumstances,she should be able to avoid the debt.
• C)That she reasonably relied to her detriment and that she should be able to enforce the company's promise under a theory of promissory estoppel.
• D)That her promise did indeed constitute consideration because of the theory of moral consideration,and Credit Card Company A clearly expressed its concern with student debt.
• E)That her promise did indeed constitute consideration because it allowed Credit Card Company A to report forgiveness of debt rather than default on its financial reports.

---

Definitions:

Discount Rate

The interest rate charged by central banks for loans to commercial banks, used as a tool in monetary policy to influence the wider economy.

Separate Cash Flow

Separate cash flow refers to the identification and analysis of individual components of the total cash flow of an entity or project.

Financial Calculators

Electronic tools designed to perform financial functions and calculations, such as interest rates, loan payments, investment values, and more.

Chief Financial Officers

A senior executive responsible for managing the financial actions of a company, including financial planning and record-keeping.