Which of the following statements is/are accurate in relation to promissory estoppel (PE) ?
A) PE may stop a party from breaking a promise that was not supported by consideration.
B) A party that relies on PE must prove that the other party's conduct is unconscionable and the innocent party believed in the other party's promise and will suffer a significant loss.
C) PE can be used as a 'shield',which means that a plaintiff can rely on PE to defend a legal action.
D) All of the above.
E) A and B only.
Correct Answer:
Verified
Q2: In which of the following contracts is
Q3: Which of the following statements is not
Q4: The rule in Foakes v Beer states
Q5: The legal effect of promissory estoppel is:
A)a
Q6: You signed a one- year contract to
Q8: Manuela's grandfather promised to loan her $3000
Q9: Part payment of a debt may provide
Q10: The case of Roscorla v Thomas involved
Q11: Bill sold a lawnmower to Brodie for
Q12: Executory consideration is also known as:
A)present consideration.
B)future
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