Indicate which of the following statements is correct about the effect of promissory estoppel on a promisor.
A) Promissory estoppel has no effect on a promisor because it only relates to statements of fact, not promises.
B) Promissory estoppel must be distinguished from equitable estoppel.
C) Promissory estoppel can be used as a defence only against a promisor who reneges on his promise.
D) Promissory estoppel is known as injurious reliance in the United States and has the same effect in both American and Canadian law.
E) When a victim relies on the promise and suffers injury, he can sue the promisor for compensation even where no consideration has been given in return for that promise.

Question

Quizplus · Accepted Answer

Promissory estoppel can prevent a promisor from reneging on a promise if the promisee has relied on that promise to their detriment, even if there is no formal consideration.

Indicate Which of the Following Statements Is Correct About the Effect