Which of the Following Occurs When One Party Makes a Promise

question 22

Multiple Choice

Which of the following occurs when one party makes a promise knowing the other party will rely on it, the other party does rely on it, and the only way to avoid injustice is to enforce the promise?

• A) Promissory agreement.
• B) Promissory estoppel.
• C) Quasi estoppel.
• D) Quasi agreement.
• E) Promissory performance.

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Definitions:

Economic Income

The total value of all income earned, including both monetary and non-monetary gains, over a period of time.

Transfer Payment

Payments made by the government to individuals or other organizations without expecting a good or service in return.

African-American Persons

Individuals of African descent living in the United States, often with a history linked to enslavement and civil rights struggles.

Hispanic Persons

Individuals who identify with, or originate from, Spanish-speaking countries, particularly those in Latin America.