Miranda orally promises Nicky that she will buy his fishing trawler for $10,000.Before either party acts in reliance on this promise,under the doctrine of promissory estoppel,the transaction is enforceable by

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Promissory estoppel requires a promise, reliance on that promise, and detriment as a result of the reliance. Since neither party has acted in reliance on the promise, the doctrine of promissory estoppel does not apply, making the transaction unenforceable by either party.

Miranda Orally Promises Nicky That She Will Buy His Fishing