The Doctrine of Promissory Estoppel Does NOT Require

question 18

Multiple Choice

The doctrine of promissory estoppel does NOT require:

• A) a promise.
• B) significant reliance on a promise.
• C) injustice as a result of reliance.
• D) consideration.

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Definitions:

Slope

The measure of the steepness or incline of a line or surface, often expressed as a ratio of rise to run or as an angle in degrees.

Price

The cost in currency anticipated, called for, or dispensed in payment for a thing.

Quantity Supplied

The amount of a good that producers are willing and able to sell at a given price over a certain period of time.

Company Profits

The financial gain that a company achieves after all expenses, taxes, and costs have been subtracted from total revenue.