Under promissory estoppel,a promise that induces another party to act can be enforceable without consideration if the promisee substantially and justifiably relies on the promise.

Question

Quizplus · Accepted Answer

Promissory estoppel is a legal doctrine that allows a promise to be enforced even if there is no consideration involved. It is based on the idea that if one party makes a promise to another and induces that party to act in a certain way, it would be unfair to allow the first party to renege on the promise. To establish promissory estoppel, the promisee must show that they relied on the promise and that their reliance was both substantial and justifiable. If these conditions are met, the promise can be enforceable without consideration.

Under Promissory Estoppel,a Promise That Induces Another Party to Act