What is Credit Card Company A's best argument in relation to enforcing Penny's obligations?
A) That the agreement constituted a bad deal for the card company.
B) That only past consideration was involved.
C) That student debt is not dischargeable as a matter of law and that the card company owed no obligation to Penny regardless of statements made.
D) That its promise was clearly an illusory promise that Penny should have known could not be enforced once the card company discovered the true circumstances.
E) That no consideration existed for its promise, and that based on Penny's circumstances and behavior, enforcing the debt would not result in injustice to Penny.

Question

Quizplus · Accepted Answer

An exception to the rule requiring consideration is promissory estoppel which occurs when (1) a party makes a promise and either knows or should know that the other party will reasonably rely on it, (2) the other party does reasonably rely on the promise, and, (3) the only way to avoid injustice is to enforce the promise. Arguably, although Penny quit her job in reliance on the promise, no injustice would occur through enforcement of the debt.

What Is Credit Card Company A's Best Argument in Relation