Multiple Choice
Which of the following is true of the doctrine of promissory estoppel?
A) It requires that promises made should be supported by consideration.
B) It permits the promisor to claim lack of consideration when the promisee acts in reliance on his promise.
C) It requires the promisor to reasonably expect the promise to induce action by the promisee.
D) It holds enforcement to be proper if the promisee would not be harmed if the promise were not enforced.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: When one refrains or promises to refrain
Q10: Which of the following constitutes valid consideration?<br>A)A
Q11: When charitable enterprises are financed by voluntary
Q12: When parties to a contract mutually agree
Q13: If the supposed consideration consists merely of
Q15: For a promise to constitute consideration, the
Q16: Only financial items can constitute consideration.
Q17: Mark owes $2000 each to his business
Q18: The Uniform Commercial Code states that when
Q19: Performing or promising to perform what one