According to the Restatement (Second) of Contracts, promissory estoppel requires:
A) one party to perform an act in exchange for the other party's promise.
B) that one or both parties may cancel the subject contract.
C) that at least one party give money or any other tangible, physical property as consideration.
D) a promise that the promisor should foresee is likely to induce reliance.

Question

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According to the Restatement (Second) of Contracts, promissory estoppel requires a promise that the promisor should foresee is likely to induce reliance; significant reliance on the promise by the promisee; and injustice as a result of reliance. Promissory estoppel is fundamentally different from traditional contract theory because it protects reliance, not bargains.

According to the Restatement (Second) of Contracts, Promissory Estoppel Requires