Multiple Choice
Hillary is a nerdy bookworm couch potato who rarely goes out of her home except to go to her job as a deskbound CPA. She wears a sweater almost every day, including during the summer, and is always complaining about being cold. Edmund, a co-worker, tells Hillary that he will give her $1 million if she climbs Mt. Everest. Edmund doesn't believe that she'd even give the offer a second thought. Hillary, without saying anything to anyone, starts an intensive training program to whip herself into shape, and six months later, during her vacation, she climbs Mt. Everest. Upon returning to work, she presents Edmund a picture of herself on the summit of Mt. Everest and demands her $1 million. Edmund tells her that they never had a contract so he owes her nothing, and Hillary claims that the money is owed based on promissory estoppel.
A) Promissory estoppel applies only if Edmund is very rich, because $1 million is a lot of money.
B) Promissory estoppel applies whether Edmund is rich or not.
C) Promissory estoppel does not apply because Edmond had no reason to believe that Hillary would rely on his promise.
D) Promissory estoppel does not apply because Hillary must announce that she accepts his offer for it to create an obligation to pay.
Correct Answer:

Verified
Correct Answer:
Verified
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