Nancy, Who Lives in Birdville, Wants to Open a McHenry

Multiple Choice

Nancy, who lives in Birdville, wants to open a McHenry Roast Chicken franchise. Mark, a representative of McHenry, told Nancy, "If you will buy a lot and build a building in River City, we will give you a franchise." Nancy bought the lot and built the building as instructed only to discover that McHenry had awarded the franchise to a large corporation. McHenry claims no liability to Nancy since there was no consideration. Which statement best describes the situation?

A) McHenry is not liable to Nancy since there was no consideration.
B) McHenry is not liable to Nancy since there was past consideration.
C) McHenry is liable to Nancy since adequate consideration was given by both parties.
D) McHenry is liable to Nancy based on the concept of promissory estoppel.