Hal promises not to foreclose on a mortgage that he holds on an office complex that Christopher owns. In reliance on this promise, Christopher spends $200,000 to remodel the complex. Which of the following is correct with regard to Hal's promise?
A) Hal's promise not to foreclose is supported by consideration.
B) Hal's promise is contractual.
C) Hal's promise may be enforced against him based upon the doctrine of promissory estoppel.
D) Hal's promise is a contract modification.

Question

Quizplus · Accepted Answer

Hal's promise may be enforced against him based on the doctrine of promissory estoppel because Christopher relied on that promise to his detriment by spending $200,000 to remodel the complex. This doctrine applies when a promise is made that the promisor should reasonably expect to induce action or forbearance on the part of the promisee, and injustice can only be avoided by enforcing the promise.

Hal Promises Not to Foreclose on a Mortgage That He