Which of the Following Is True of a Promissory Estoppel

question 14

Multiple Choice

Which of the following is true of a promissory estoppel?

• A) It is invoked in cases having option contract infringements.
• B) It permits a court to order enforcement of a contract that lacks consideration.
• C) It allows for a party to claim goods, which were revoked, for which it has already paid consideration.
• D) It is invoked in cases that involve a promissory note to pay considerations at a later time.

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Definitions:

Keep Promises

The act of fulfilling commitments or assurances one has made to others.

Be Enthusiastic

To show intense and eager enjoyment, interest, or approval about a subject or activity.

Herb Kelleher

was the co-founder and former CEO of Southwest Airlines, known for his innovative management style and focus on company culture.

Trust

A firm belief in the honesty and reliability of another; confidence developed by dealing openly with others, considering all points of view, keeping promises, and caring about people.