Which of the following occurs when three conditions are met: one party makes a promise knowing the other party will rely on it; the other party does rely on it; the only way to avoid injustice is to enforce the promise?
A) Promissory agreement
B) Promissory estoppel
C) Quasi estoppel
D) Quasi agreement
E) Promissory performance

Question

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Promissory estoppel occurs when three conditions are met: one party makes a promise knowing the other party will rely on it; the other party does rely on the promise; the only way to avoid injustice is to enforce the promise.

Which of the Following Occurs When Three Conditions Are Met