A businessperson who sells a business in reliance on promises by an?other is not entitled to damages under the doctrine of promissory estoppel.

Question

Quizplus · Accepted Answer

A businessperson who sells a business in reliance on promises by another may be entitled to damages under the doctrine of promissory estoppel if certain elements are met, such as a clear promise, reasonable reliance on the promise, and injustice if the promise is not enforced.

A Businessperson Who Sells a Business in Reliance on Promises