Hofflehass Architectural Ltd Was Hoping to Persuade the Town of Buchanan

True/False

Hofflehass Architectural Ltd was hoping to persuade the Town of Buchanan to create a new beachfront resort.Buchanan said that it was not yet willing to commit itself to such a project.However, it also said that it would likely agree to any proposal that met certain specifications.On that basis, Hofflehass spent $150 000 in creating a proposal that met all of the town's specifications.It presented the proposal and further explained that it would charge $2 million to actually undertake the construction project.The town's officials, however, said that they were no longer interested in a beachfront resort.Although Hofflehass cannot force Buchanan to pay it $2 million to create the proposed resort, it can use the doctrine of promissory estoppel to recover its expenses of $150 000.