The doctrine of ________ restricts a party from denying that a promise was made under certain conditions,even though consideration has not been exchanged to bind an agreement.

A) enforceability
B) privity
C) Statute of Frauds
D) promissory estoppel

Question

Ronisha Wilkerson · Accepted Answer

Final Answer : D, Explanation :  The doctrine of promissory estoppel prevents a party from denying that a promise was made under certain conditions, even if there was no consideration exchanged to create a legally binding agreement. This is often used in situations where one party relies on a promise from another party and takes action based on that promise, only to have the promising party back out later. Promissory estoppel allows for the harmed party to seek damages or enforce the promise, even if there was no traditional contract in place.

The doctrine of ________ restricts a party from denying that a promise was made under certain conditions,even though consideration has not been exchanged to bind an agreement.

A) enforceability
B) privity
C) Statute of Frauds
D) promissory estoppel

Definitions

Learning Objectives

Learning Objectives

Related questions

The doctrine of ________ restricts a party from denying that a promise was made under certain conditions,even though consideration has not been exchanged to bind an agreement.A) enforceabilityB) privityC) Statute of FraudsD) promissory estoppel

Definitions

Learning Objectives

Learning Objectives

Related questions

The doctrine of ________ restricts a party from denying that a promise was made under certain conditions,even though consideration has not been exchanged to bind an agreement.

A) enforceability
B) privity
C) Statute of Frauds
D) promissory estoppel