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Business Law 13th Edition by Frank Cross, Kenneth Clarkson, Roger LeRoy Miller
Edition 13ISBN: 978-1133046783Business Law 13th Edition by Frank Cross, Kenneth Clarkson, Roger LeRoy Miller
Edition 13ISBN: 978-1133046783 Exercise 6
A Question of Ethics: Promissory Estoppel.
![A Question of Ethics: Promissory Estoppel. Claudia Aceves borrowed from U.S. Bank to buy a home. Two years later, she could no longer afford the monthly payments. The bank notified her that it planned to foreclose (take possession of and sell) on her home. Aceves filed for bankruptcy. The bank offered to modify Aceves's mortgage if she would forgo bankruptcy. She agreed. Once she withdrew the filing, however, the bank foreclosed. [Aceves v. U.S. Bank, N.A., 192 Cal.App.4th 218, 120 Cal.Rptr.3d 507 (2 Dist. 2011)] (See page 268.) (a) Could Aceves succeed on a claim of promissory estoppel? Why or why not? (b) Did Aceves or U.S. Bank behave unethically? Discuss.](https://d2lvgg3v3hfg70.cloudfront.net/SM2127/11eb99e8_2d4a_2bfb_886f_4f62912da693_SM2127_00.jpg)
Claudia Aceves borrowed from U.S. Bank to buy a home. Two years later, she could no longer afford the monthly payments. The bank notified her that it planned to foreclose (take possession of and sell) on her home. Aceves filed for bankruptcy. The bank offered to modify Aceves's mortgage if she would forgo bankruptcy. She agreed. Once she withdrew the filing, however, the bank foreclosed. [Aceves v. U.S. Bank, N.A., 192 Cal.App.4th 218, 120 Cal.Rptr.3d 507 (2 Dist. 2011)] (See page 268.)
(a) Could Aceves succeed on a claim of promissory estoppel? Why or why not?
(b) Did Aceves or U.S. Bank behave unethically? Discuss.
Claudia Aceves borrowed from U.S. Bank to buy a home. Two years later, she could no longer afford the monthly payments. The bank notified her that it planned to foreclose (take possession of and sell) on her home. Aceves filed for bankruptcy. The bank offered to modify Aceves's mortgage if she would forgo bankruptcy. She agreed. Once she withdrew the filing, however, the bank foreclosed. [Aceves v. U.S. Bank, N.A., 192 Cal.App.4th 218, 120 Cal.Rptr.3d 507 (2 Dist. 2011)] (See page 268.)
(a) Could Aceves succeed on a claim of promissory estoppel? Why or why not?
(b) Did Aceves or U.S. Bank behave unethically? Discuss.
Explanation
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a.
Under the doctrine of promissory esto...
Business Law 13th Edition by Frank Cross, Kenneth Clarkson, Roger LeRoy Miller
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