Nancy, who lives in Birdville, wants to open a McHenry Roast Chicken franchise.Mark, a representative of McHenry, told Nancy, "If you will buy a lot and build a building in River City, we will give you a franchise." Nancy bought the lot and built the building as instructed, only to discover that McHenry had awarded the franchise to a large corporation.McHenry claims no liability to Nancy since there was no consideration.Which statement is most accurate?
A)McHenry is not liable to Nancy since there is no consideration.
B)McHenry is not liable to Nancy since there is past consideration.
C)McHenry is liable to Nancy since adequate consideration is given by both parties.
D)McHenry is liable to Nancy based on the concept of promissory estoppel.

Question

Quizplus · Accepted Answer

Nancy relied on McHenry's promise to her detriment by purchasing the lot and building the building, which can invoke promissory estoppel to hold McHenry liable.

Nancy, Who Lives in Birdville, Wants to Open a McHenry