Under which of the following conditions does a promissory estoppel provide for the enforceability of an oral contract?
A) when the promise induces action or forbearance of action by another
B) when the reliance on the oral promise was unforeseeable
C) when enforcing the oral promise provides for faster resolution of the case
D) when the oral promise provides for reduced damages to the defendant

Question

Quizplus · Accepted Answer

A promissory estoppel provides for the enforceability of an oral contract when the promise induces action or forbearance of action by another. It is also known as detrimental reliance, where one party relies on the promise of another, and the other party fails to fulfill the promise. The promise can be enforced through a court order if the other party acted based on the promise and suffered a loss or detriment due to this reliance. B, C, and D are not valid conditions for enforcing an oral contract under promissory estoppel.

Under Which of the Following Conditions Does a Promissory Estoppel