Describe the doctrine of promissory estoppel. What does it mean to say that promissory estoppel can be
Question:
Describe the doctrine of promissory estoppel. What does it mean to say that promissory estoppel can be used to vary, but not create, contractual rights? Give examples to illustrate your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Promissory estoppel is a doctrine that prevents a party from retracting a promise even a gratuitous ...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Do you think that the doctrine of promissory estoppel serves a useful purpose? Would it not be easier if the law simply insisted that all contractual variations be supported by consideration?
-
1. State the four elements of a promissory estoppel claim. 2. What is the significance of the fourth element of promissory estoppel, avoidance of injustice? 3. How did the court deal with Chryslers...
-
The Blacksox Baseball Club and Roark Designs Corp conducted extensive negotiations concerning the development of a new ball park. During those negotiations, the owner of the Blacksox said to the...
-
Two different types of tips can be used in a Rockwell hardness tester. Eight coupons from test ingots of a nickel based alloy are selected, and each coupon is tested twice, once with each tip. The...
-
Manor County was awarded a state grant to establish evening athletic programs for at-risk youth. The $3.6 million award, to cover the calendar year 2018, was announced on November 15, 2017. According...
-
Shane Plastics Ltd. is a Canadian-controlled private corporation. All of its outstanding common shares are owned by KS Holdings Ltd., a company owned by Karl Shane. KS Holdings also owns several real...
-
From the following accounts of Kurlz Salon, Inc., prepare the businesss statement of retained earnings for the year ended December 31, 2010: Retained Earnings Dividends Clo 95,000 Jan 1 188,000 Mar...
-
Assume that you pay $850 for a long-term bond that carries a 71/2% coupon. Over the course of the next 12 months, interest rates drop sharply. As a result, you sell the bond at a price of $962.50. a....
-
What is a mechanism that incorporates some kind of simple machine (e.g. a lever, wheel and axel, pulley, an inclined plane, a wedge, or screw); this mechanism must be within your register and ability...
-
The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 20Y3, the end of the fiscal year, the accountant for The Gorman Group prepared an...
-
Explain the relationship between the requirement of consideration and the privity of contract doctrine.
-
A seal is a type of consideration. Is that statement true? Explain your answer.
-
A circular bar ACB of diameter d having a cylindrical hole of length x and diameter d/2 from A to C is held between rigid supports at A and B. A load P acts at L/2 from ends A and B. Assume E is...
-
What is the differences between a one and a two-factor model for interest rates?
-
What is the Z-spread?
-
Explain why the greater the assumed volatility, the lower the value of a callable bond?
-
When valuing securities with embedded options, why is it important to consider volatility explicitly?
-
What does the volatility parameter in an interest rate model represent?
-
In what way were the situations at Boeing (with the 787) and Airbus (with the A380) similar, and in what way were they different? Discuss this question through the lens of the planning fallacy.
-
-x/2 x/4 If A = -x/2 and A-1 =6 then x equals
-
R. B. Bewley and his family drove to Kansas City to attend a week long church convention. When they arrived at the hotel where they had reservations, they were unable to park their car and unload...
-
Felice Jasphy brought three fur coats to Illana Osinskys establishment trading a Cedar Lane Furs in Teaneck, New Jersey, for storage and cleaning. The three coats included a ranch mink coat, a...
-
Marie Wallinga was staying at the Commodore Hotel. She had her son take her two diamond rings to the hotel clerk for safekeeping. The rings were shown to the clerk and then placed in a safe-deposit...
-
Goal Apply Coulomb's law in one dimension. Problem Three charges lie along the x-axis as in Figure 15.7. The positive charge 91 = 17 C is at x = 4 m, and the positive charge 92 = 6 C is at the...
-
Sharon's Delights Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Standard Amount...
-
How does the commodification of culture, facilitated by neoliberal market forces and consumer capitalism, impact notions of cultural value, authenticity, and creativity?
Study smarter with the SolutionInn App